Apple production

Apple Inc. is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before, according to people familiar with the matter.The Cupertino, California-based company is aiming to hold shipments steady despite tumult in the global economy and a projected decline in the overall smartphone market. It's likely to increase revenue overall because Apple is considering raising the price for Pro models, said the people, asking not to be named because the targets aren't public.…

Apple Inc. and Samsung Electronics Co. are among companies interested in increasing electronics production in India, a minister said, a boon for the country's push to challenge neighboring China as a manufacturing hub. The South Asian nation is seeking to expand its early success in smartphones to other product categories, Rajeev Chandrasekhar, India's minister of state for technology, told Bloomberg TV's Rishaad Salamat and Haslinda Amin on Friday. The country is launching a $2 billion plan to boost local output of…

Image Source : APPLE iPhone 14 Pro Apple shares reportedly sank yesterday (28 November 2022). The news was revealed after a few reports stated that the production of the iPhone Pro might fall short by around 6 million units this holiday season. Bloomberg has reported the ruckus at Zhengzhou (China) which is a key manufacturing hub for Apple, which is expected to lead…

Apple is staring at a potential $8 billion revenue loss in the June quarter, thanks, essentially to supply disruptions in China, where the government pursues a Zero Covid strategy and shuts entire localities, if not entire towns, down to contain the infection where it breaks out. Apple does not like playing hapless victim to policy caprice. It has started reducing the risk of shutdowns in China by shifting some production away from that country where an estimated 90% of the company’s production, leaving out…