Apple Inc. is chopping manufacturing of the iPhone 14 Plus inside weeks of beginning shipments because it reevaluates demand for mid-range fashions, two folks concerned within the firm’s provide chain have been reported on Tuesday.
According to the report, the Cupertino, California-based firm has requested a minimum of one producer in China to instantly cease manufacturing of iPhone 14 Plus parts.
The transfer comes at a time when the worldwide smartphone market is shrinking 9% within the third quarter in comparison with the identical interval a yr in the past, in keeping with estimates by knowledge analysis agency Canalys, which expects weak demand within the subsequent six to 9 months. . month.
Apple didn’t instantly reply to a Reuters request for remark.
The iPhone 14 Plus, a part of a brand new lineup introduced on September 7, is positioned as a less expensive various to its dearer iPhone Pro fashions and begins transport to prospects on October 7.
Last month, Apple deserted its plan to extend manufacturing of recent iPhone fashions after a projected surge in demand failed, Bloomberg News reported.
With inputs from TheIndianEXPRESS
