Apple has reported its lowest share prices since 2014, which it owes to a decline in the sales of its iPhones over the past year.

Despite news that Apple's app store had performed strongly in 2015, prices of its shares have fallen to $100 (£69), reports the Financial Times.

Apple currently boasts the world's largest supply chain and has reported few problems with its logistics over recent years.

However, concerns from Foxconn, an iPhone manufacturer, highlighted that it had received subsidies from the government to maintain its levels of staff although it had decreased its levels of production.

The company said: "The incentives were provided to Foxconn in recognition of our company's contributions to maintaining our significant workforce at our Zhengzhou facility."

However, the Wall Street Journal has said that Apple dismissed members of its workforce earlier than usual and the company hasn't commented on reports of these cuts to its supply chain.

Wall Street has said that it isn't confident that Apple will be able to sell a record amount of iPhones in 2016 instead predicting a decline in handset sales overall.