Apple won’t boost production of iPhone 14 due to slower demand: report
71 Articles
71 Articles
Stock Futures Fall After Apple Drops Plans To Boost iPhone Production Due To Lack Of Demand
Apple shares fell on Sept. 28, after the company dropped its plans to increase production of its new iPhone 14 this year due to suddenly reduced demand. According to an article in Bloomberg the day before, Apple executives admitted that the electronics giant had overestimated consumer demand for its new iPhone 14 model this holiday season. Apple shares initially fell on the news, but it partially recovered by the end of trading, only falling 1.9…
Apple slashes iPhone 14 production target by 6 million units as demand stutters: Report
After anticipating dwindling demands for new iPhone14 models, Apple has reportedly asked the suppliers to cut back on production this year. The California-based tech behemoth is planning to reduce production by as many as six million units, Bloomberg reported quoting people familiar with the matter. Now, the tech firm is looking to produce 90 million handsets for the period, which would be roughly the same level as the last year and in line wit
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