What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.
Text: Apple Inc (NASDAQ: AAPL) is reportedly bailing on plans to boost iPhone production after its recently launched iPhone 14 failed to push demand as high as the multinational had anticipated. Shares broke below the psychologically important $150 level on Wednesday.
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moderately negative
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