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
Brent sell
Period: 31.01.2026 Expectation: 120 pips
Brent crude selloff targets $58.7
Today at 11:43 AM 21
Period: 23.12.2025 Expectation: 4500 pips
Selling BTCUSD with $83,500 in sight as risk appetite fades away
Today at 10:29 AM 18
Period: 26.12.2025 Expectation: 1500 pips
Tesla stock nears all-time high after yearlong wait
Today at 08:18 AM 28
Period: 23.12.2025 Expectation: 460 pips
Investing in AUDUSD amid correction ahead of delayed US data releases
Today at 07:39 AM 22
Period: 31.01.2026 Expectation: 1700 pips
NVIDIA selloff ahead of correction
Yesterday at 11:57 AM 28
Gold buy
Period: 24.12.2025 Expectation: 6000 pips
Gold eyes break above $4,400 by year-end
Yesterday at 11:16 AM 77
Go to forecasts