12:06 PM · 28 September 2022

Apple reportedly slashes iPhone production

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

22 October 2026, 6:42 PM

Daily Summary: Valuations Under Pressure, Capital Moves Away From Technology

22 October 2026, 3:14 PM

US OPEN: Earnings misses and rising oil push indexes lower

22 October 2026, 2:14 PM

Market Wrap: "Decent" results are not enough – tech stocks fall further; oil highest since May (22.10.2026)

22 October 2026, 12:57 PM

Lam Research: Strong Numbers, Limited Upside Surprise

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits