Apple

Apple to keep iPhone production flat in 2022 – report

Reuters

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Apple to keep iPhone production flat in 2022 – report

APPLE. A customer passes an Apple iPhone 13 advertisement at an Apple shop in Singapore on March 18, 2022.

Edgar Su/Reuters

The developments also come as investors brace for a drop in consumer spending on tech gadgets and services as the war in Ukraine drives up the cost of oil, food, and other staples

Apple plans to keep iPhone production for 2022 roughly flat at about 220 million units, Bloomberg News reported on Thursday, May 26, as China’s COVID-19 curbs, global supply chain issues, and cooling demand continue to hurt smartphone makers.

An outbreak of COVID-19 in China has kept its financial hub Shanghai largely paralyzed by a city-wide lockdown — now in its seventh week. Beijing, meanwhile, has ramped up its quarantine efforts. 

The iPhone maker’s supplier Foxconn has been able to keep its workers on-site in a “closed loop” system to limit the impact on production, but lockdowns in the country have pushed many to sound demand-related warnings.

Apple had also said last month any new lockdowns in China and Taiwan, where many parts and iPhones are produced, could bring new obstacles in terms of supply and demand in the current quarter.

The developments also come as investors brace for a drop in consumer spending on tech gadgets and services as the war in Ukraine drives up the cost of oil, food, and other staples.

Separately, Nikkei reported on Wednesday that the company had told its suppliers to speed up iPhone development after China’s COVID-19 lockdowns hampered schedule for at least one of the new phones. 

Apple did not immediately respond to a Reuters request for comment. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!