12:06 · 28 September 2022

Apple reportedly slashes iPhone production

Apple
Shares
AAPL.US, Apple Inc
-
-

Apple (AAPL.US) stock fell 4.0% in premarket after tech giant had shelved its plan to increase production of its new iPhones due to low demand, according to Bloomberg.

Company reportedly instructed its suppliers to slow down efforts to increase production by 6 million units in H2 2022. Earlier Apple was expecting that orders will increase by 7%.

Currently company plans to produce around 90 million units for the second half of the year, similar to 2021 and manufacturing process will focus on premium models for which the demand is much higher compared to the cheaper options.

Apple (AAPL.US) stock price fell sharply before the opening bell and if current sentiment prevails downward move may deepen towards support at $133.90, which is marked with previous price reactions and 38.2% Fibonacci retracement of the upward wave started in March 2020. Source: xStation5

16 October 2025, 09:32

Nestlé: Steady Growth and Ambitious Restructuring Drive Share Price Surge

16 October 2025, 07:27

UK GDP picks up in August as budget tax hike speculation goes into overdrive

15 October 2025, 17:10

TSMC Earnings Preview: Will the Key Semiconductor Supplier Surprise the Market?

15 October 2025, 15:33

Gold hits a record, as stocks rally on earnings strength

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world