28 September 2022 | Other

Apple backs off plan for iPhone production increase

Apple Inc. is not planning to boost production of new iPhones this year. The company expected demand to surge. However, the forecast turned out to be inaccurate.

The company addressed suppliers asking them to cut production of its flagship iPhone 14 line by 6 million units in the second half of the year. 

Company MarketCheese
Period: 01.08.2026 Expectation: 3000 pips
Invest in USDCAD after updating yearly highs
Today at 10:51 AM 19
Period: 15.07.2026 Expectation: 210 pips
Sell natural gas on cooler US weather outlook
Today at 10:33 AM 13
Period: 08.07.2026 Expectation: 1000 pips
EURUSD exhausts its recovery potential after recent rebound
Today at 08:23 AM 18
Period: 08.07.2026 Expectation: 1500 pips
NVIDIA stocks poised to test fresh lows as investors unwind their positions
Today at 05:48 AM 16
Period: 14.07.2026 Expectation: 5500 pips
Invest in Bitcoin up to $65,000
Yesterday at 11:37 AM 33
Brent sell
Period: 07.07.2026 Expectation: 320 pips
Buying Brent crude on fading risk of global deficit
Yesterday at 11:37 AM 31
Go to forecasts