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: 04.09.2026 Expectation: 900 pips
Selling AUDUSD down to 0.69250
Today at 08:52 AM 1
Period: 31.12.2026 Expectation: 3400 pips
Buy GBPUSD with 1.4000 in sight
Yesterday at 12:31 PM 38
Period: 30.09.2026 Expectation: 1800 pips
Go long on AUDUSD with 0.72100 target
Yesterday at 12:31 PM 29
Period: 17.08.2026 Expectation: 270 pips
Silver sell-off targets $55.50
Yesterday at 11:19 AM 23
Period: 10.08.2026 Expectation: 950 pips
EURUSD shows signs of overheating after recent rally
Yesterday at 09:22 AM 31
Period: 17.08.2026 Expectation: 170 pips
Invest in SPX up to $7,700
Yesterday at 06:56 AM 26
Go to forecasts