the company has shelved plans to increase production of its new iPhone 14 this year because an anticipated demand surge hasn't occurred.
Stock in the tech behemoth lost as much as 3.9% at $145.79 in premarket trade then pared the decline to 3.4%. latest iPhone series by as many as 6 million units in the second half of this year, the report said, citing sources who asked not to be named because the plans are not public. The company will target production of 90 million handsets for the period, about the same level as the prior year andSome of Apple's suppliers had started preparing for a 7% boost in orders after the company raised its sales projections in the weeks leading up to the iPhone 14 release, the report said.
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International Finance: Apple ditches iPhone production increase after demand faltersThe electronics manufacturer is backing off on plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialise, according to people familiar with the matter. I saw several people testifying of making so much money with the help of KatelynBNB on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make R80,000 in one week, thank you KatelynBNB for transparency and trust. Behind every successful person there's always a helper KatelynBNB is the person behind my success story she helped me earn R150,000. thanks for restoring my hope once again KatelynBNB People familiar with the matter? Not experts? How refreshing!
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Tesla emerges as closest Apple rival on stock marketOf the five biggest US companies by market value, Tesla’s shares are by far the most expensive, yet they’re the only ones whose performance comes close to Apple’s, which has been a rare bright spot for investors in the sector this year.
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