19 October 2022 | Other

Apple cuts iPhone 14 Plus production

Apple Inc is reducing production of the iPhone 14 Plus, despite the fact that only a few weeks have passed since the start of shipments. According to the report by Information, the decline in smartphone production is due to the fact that the demand for this iPhone model was re-evaluated by the company.

According to the report, a California-based company demanded a manufacturer in China to stop production of components for this smartphone model.

This measure was taken at a time of declining levels of trade in the global smartphone market. According to research firm Canalys, smartphone sales dropped 9% in the third quarter compared to the same period last year. The company also expects weak smartphone demand over the next six to nine months.

The iPhone 14 Plus, part of a new lineup announced in early September, is positioned by the company as a cheaper alternative to the expensive iPhone Pro models. This smartphone model began to be delivered to customers a month after its announcement.


Company MarketCheese
Period: 30.11.2025 Expectation: 370 pips
Buying GBPUSD with 1.39880 in view
Today at 07:27 AM 1
Period: 30.11.2025 Expectation: 3700 pips
Buying Bitcoin on positive market sentiment
Today at 05:27 AM 24
Gold sell
Period: 22.09.2025 Expectation: 14000 pips
Gold is looming correction after powerful rally
Yesterday at 09:43 AM 218
Period: 26.09.2025 Expectation: 2000 pips
Buying silver while it’s correcting before another rally to $43.5
Yesterday at 08:37 AM 153
Period: 22.09.2025 Expectation: 1200 pips
SPX keeps rising ahead of Fed rate decision
Yesterday at 07:20 AM 207
Brent sell
Period: 30.11.2025 Expectation: 520 pips
Selling Brent with $63.5 per barrel in sight
Yesterday at 06:14 AM 151
Go to forecasts