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  2.37 1.41% 170.86 170.85 170.86 171.11 169.43 169.82 29,333,146 16:51:13

Apple Plans to Keep iPhone Production Flat This Year, Bloomberg Reports

26/05/2022 8:59am

Dow Jones News


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--Apple Inc. is asking suppliers to produce about 220 million iPhones this year, about the same as 2021, amid an increasingly challenging industry environment, Bloomberg reports, citing unnamed sources.

--Apple is counting on resilient demand for its smartphones due to a relatively wealthier customer base and hardware sales fueled by the strength of its software and services ecosystem, while a major update is expected for the iPhone 14 model due in the fall, the report said.

 

Full story: https://bloom.bg/3PKXgVe

 

Write to Clarence Leong at clarence.leong@wsj.com

 

(END) Dow Jones Newswires

May 26, 2022 03:44 ET (07:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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