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: 14.09.2026 Expectation: 1000 pips
Invest in AUDCAD on RBA taking monetary pause
Today at 12:07 PM 19
Period: 14.09.2026 Expectation: 3500 pips
GBPUSD sell-off targets 1,31500
Today at 06:58 AM 25
Period: 13.09.2026 Expectation: 150 pips
Selling ETHUSD down to $1,750
Yesterday at 10:45 AM 37
Gold buy
Period: 30.09.2026 Expectation: 46000 pips
Going long on gold amid slowdown in US inflation
Yesterday at 10:33 AM 65
Period: 31.10.2026 Expectation: 1100 pips
Invest in EURUSD up to 1.16400
Yesterday at 10:33 AM 25
Period: 13.09.2026 Expectation: 250 pips
Buying S&P 500 with 8,000 target
Yesterday at 08:35 AM 52
Go to forecasts