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Apple Stock Dips on Report the Company Is Bailing on Plans to Boost New iPhone Production

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Apple has told suppliers not to follow through on plans to increase iPhone 14 production, according to Bloomberg.

Demand for Apple's new iPhone 14 failed to spike as high as anticipated, according to Bloomberg.

Apple has told suppliers not to follow through on plans to increase iPhone 14 production, the report said. Demand for the iPhone 14 Pro is higher than for the other new phones, Bloomberg reported, leading to a shift in production capacity for at least one supplier.

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Apple to manufacture iPhone 14 in India, company saysThe tech giant is making the move as part of its transition away from having the vast majority of its production for the company dominated in China.
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