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But for Apple to build 90 million new iPhones is no disaster. The overall smartphone market is going to shrink substantially, with one forecast at negative 6.5%. For Cupertino, flat is the new up.https://t.co/5kKOz4xlpr
— Peter Elstrom (@pelstrom) September 28, 2022
Apple abandoned plans to boost production of new iPhones this year. BI's Anurag Rana isn't surprised: "We continue to believe that weak demand from Europe & China could hurt overall iPhone sales in fiscal 2023 as they account for about 43% of total sales." https://t.co/eUO3VznuFK
— Lisa Abramowicz (@lisaabramowicz1) September 28, 2022
It's never different this time. GRC downturns always mean pullbacks in demand growth.
— Lakshman Achuthan (@businesscycle) September 28, 2022
Bottom line: for market leaders like $AAPL, you need to be able to predict these shaded areas, and that's what we do.
More here: https://t.co/VX6xSYUvnu https://t.co/9UjxnHJVLV pic.twitter.com/7jWeoJXfwq
This is going to leave a pretty big mark today.$AAPL down nearly 4% pre-market after news that it's backing off plans to increase iPhone production due to weaker-than-expected demand.https://t.co/ADlnEjFR5N pic.twitter.com/f1XI93hyvZ
— Joe Weisenthal (@TheStalwart) September 28, 2022
How many years in a row do we get reports like this out of Asia and then Apple blows earnings results out of the water? https://t.co/xwUT0mr9Nn
— Eric Jackson (@ericjackson) September 28, 2022
Bloomberg reports Apple to produce roughly the same amount of iPhones as last year. Street 2H estimates are for exactly flat iPhone sales versus last year pic.twitter.com/3AqmwO6QF4
— tae kim (@firstadopter) September 28, 2022
MORGAN STANLEY: “More Bark Than Bite”
— Carl Quintanilla (@carlquintanilla) September 28, 2022
The $AAPL report “suggests that the upside from better-than- expected iPhone 14 Pro/Pro Max demand is likely being offset by weaker initial iPhone 14/14 Plus demand. .. does not imply any downside to our iPhone shipment forecasts ..” pic.twitter.com/soXETI7BZp
Not even the iPhone is immune to the global economy. Though the Pro models are apparently outselling the regular version by quite a margin.https://t.co/j6fYFFs231
— Vlad Savov (@vladsavov) September 28, 2022
So you're telling me the company that makes $1000 smartphones is finding that customers in this economy aren't rushing to replace their perfectly good older phones? Imagine that.https://t.co/PizE8ZZHh8
— Ed Bott (@edbott) September 28, 2022
WATCH: Apple will not increase production of its new iPhone this year as an anticipated demand increase failed to materialize, according to a media report https://t.co/yquCCDz3Qy pic.twitter.com/nJSz4nCTNz
— Reuters Business (@ReutersBiz) September 28, 2022
米アップル社は、予想された需要の急増が実現しなかったため、今年の新型iPhoneの増産計画を中止していると、ブルームバーグ・ニュースが関係者の話として報じました - Reutershttps://t.co/PkIeLjRvXQ
— sk2002 (@sk200216) September 28, 2022
WATCH: Apple is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, according to a media report https://t.co/yquCCDQEI6 pic.twitter.com/261q6YehhN
— Reuters Business (@ReutersBiz) September 28, 2022
Apple has dropped plans to increase iPhone production as an anticipated demand surge did not happen, media report, adding it will stick to its original plan of 90 million handsets this year. $AAPL $TSM #iPhone14 #foxconn https://t.co/DgFYpmKxkR
— Dan Nystedt (@dnystedt) September 28, 2022
It is not a surprise whatsoever that people don't prioritize $1,000+ phones at the face of economic downturn.
— Heikki Keskiväli (@hkeskiva) September 28, 2022
Today's news only confirm that Apple's $AAPL valuation seems more stretched than it did.https://t.co/rGqc7IgcRq
需要が想定通りに増加しなかったためAppleがサプライヤーに対しiPhone 14の生産増加プランを中止するよう求めたとBloombergが報道。Appleは今年後半に生産を600万台増加する予定でいた。
— 今村咲 (@saki_imamura) September 28, 2022
これを受けAAPLは1.27%下落。TSMやFoxcomも下落。https://t.co/3vR81I4HGr
Apple stock dips on report the company bails on plans to boost new iPhone production https://t.co/RLQJCf5CdH
— CNBC (@CNBC) September 28, 2022
WATCH: Apple reportedly told suppliers to ditch plans to increase the assembly of its iPhone 14 product family by up to 6 million units in the second half of the year after an anticipated surge in demand failed to materialize, a media report said https://t.co/yquCCDz3Qy pic.twitter.com/kf9Kou813l
— Reuters Business (@ReutersBiz) September 29, 2022
WATCH: Apple drops plan to boost production of its new iPhones this year as demand falters, according to a media report https://t.co/yquCCDz3Qy pic.twitter.com/RaGfA3EyXi
— Reuters Business (@ReutersBiz) September 28, 2022