According to a new report, Apple has cut production of the iPhone 14 Plus. This is the non-Pro large-screened model that will replaced the iPhone mini in the lineup.
), Apple has decided to cut production of the iPhone 14 Plus. The report alleges that Apple has already told one supplier in China to halt production of the components they make for the iPhone 14 Plus. In late September, another report indicated thatThat report also said that the iPhone 14 Pro and iPhone Pro Max have been outselling the non-Pro phones and that Apple has decided to shift some production to the more expensive models.
Some of the problems that Apple is seeing has to do with softening demand for smartphones in general. Research firm Canalys says that the smartphone market declined 9% during the third quarter on a year-over-year basis. The firm also says to expect weak smartphone demand over the next six to nine months.Some critics will point out that almost every year Apple is rumored to cut iPhone production for one reason or another.
The possibility of Apple cutting production along with a weak general market has pushed the company's shares down slightly this afternoon. Some traders will fade stories like this and buy the stock or call options paying a cheaper price because of the decline in the stock generated by this news. Some Apple investors consider reports like today's to be created as a way to manipulate the price of Apple's shares. However, considering that we have been seeing a slowdown in smartphone demand in general due to economic conditions worldwide.Get the most important news, reviews and deals in mobile tech delivered straight to your inbox
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