The tech sector is down over 0.5% on the day, with electronic makers related to Apple taking the biggest hits
On Christmas, it was reported that analysts have slashed shipment forecasts for the iPhone X for Q1 2018 - citing lukewarm demand for the product.
Most analysts were saying that the product lacked enough technological innovation to justify the $999 price tag.
As European markets open back today, we can see on the Stoxx 600 tech index, shares of Dialog Semiconductor PLC (-4.47%) and STMicroelectronics NV (-2.21%) are leading the losses - and their revenues are heavily tied to that of Apple.
In fact, as I'm typing this out the tech sector is now down 0.84%.