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29 Sep 2022
According to Reports, Apple Has Cut down on Its Plans for the Upcoming iPhone Release
Apple Inc. (NASDAQ: AAPL) hasn't announced any plans to boost its production of the highly anticipated iPhone 14. According to industry sources who spoke anonymously with Bloomberg Businessweek.
The giant tech company won’t be boosting production of the iPhone 14 in response to decreased customer demand. The article cites sources close to Apple that claim the company doesn't think production needs to change, despite lackluster sales during the first few weeks.
However, apple's chief competitor, Samsung Electronics Co., has been producing at full capacity since the beginning of this year, according to supply chain sources in South Korea who are familiar with the matter but wished to remain anonymous because they weren't authorized to speak with the media.
In September, Apple released its new iPhone series and opened preorders for the iPhone 14, iPhone 14 Plus, iPhone 14 Pro, and iPhone 14 Pro Max.
During the latter half of this year, the tech giant reportedly instructed suppliers to reduce manufacturing increases across the entire product line. As opposed to other news sources, Bloomberg reported that Apple will manufacture 90 million units in the next 6 months and will cut the number of planned productions by roughly 6 million.
Recently, demand has been higher for the expensive version of the iPhone 14 Pro, and one supplier has changed course in production in favor of Pro models.
There is a new camera upgrade in the iPhone 14 and a crash detection feature. The entry-level iPhone 14 plus models start at $800 and $900, respectively. In addition to coming with an A16 bionic chip and crashing detection, the pro and Pro Max versions have a Dynamic Island, which starts for $1,000 for the pro and $1,100 for the pro max.
Also Read: The Former Apple Engineer Pleaded Guilty to Stealing Secret Information on Autonomous Cars
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