Apple cuts production of iPhone 14 Plus – YIKES!
The move to cut production of the iPhone 14 Plus comes at a time when the global smartphone market has been softening.
Apple Inc is cutting production of the iPhone 14 Plus within weeks of starting shipments as it re-evaluates demand for the mid-range model, the Information reported on Tuesday, October 18, citing two people involved in the company’s supply chain.
The Cupertino, California-based company told at least one manufacturer in China to immediately halt production of iPhone 14 Plus components, according to the report.
The move comes at a time when the global smartphone market has been softening, shrinking 9% in the third quarter compared with the same period a year earlier, according to estimates from data research firm Canalys, which expects weak demand over the next six to nine months.
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