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: 11.10.2026 Expectation: 3200 pips
Going short on AUDUSD ahead of US Fed meeting
11 September 2026 35
Period: 30.09.2026 Expectation: 2000 pips
SPX sell-off targets $7,400
11 September 2026 26
Period: 25.09.2026 Expectation: 2800 pips
Buying Tesla stock with $390 in view
11 September 2026 51
Period: 10.10.2026 Expectation: 2500 pips
Buy AUDCAD upon breaking 1.00000
10 September 2026 36
Period: 24.10.2026 Expectation: 8500 pips
Invest in ETHUSD with $2,565 target
10 September 2026 38
Period: 23.09.2026 Expectation: 2500 pips
NVIDIA sell-off targets $200
09 September 2026 71
Go to forecasts