Apple Expects to Sustain iPhone Sales in 2022 as Market Slows

Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021.Apple Inc has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn.

At a time when Android devices are suffering, the stronger demand for Apple’s new lineup stems from a customer base still willing to spend on premium gadgets, the people said. The virtual demise of Huawei Technologies Co. also has eroded competition in high-end smartphones. This week, a cooler-than-anticipated US inflation reading buoyed hopes that interest rate hikes won’t be as aggressive as though. But market observers cautioned the economic outlook remained bleak.

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