Apple reportedly tells iPhone partners to crank up production plans (NASDAQ:AAPL)

Ming Yeung

Apple (NASDAQ:AAPL) is reportedly going full-steam-ahead with its iPhone production plans heading towards the top of the 12 months and regardless of a grim outlook from one among its prime contract producers.

In accordance to a report from Bloomberg, Apple (AAPL) has informed its suppliers to make 90 million of its latest iPhones this 12 months, which might be according to 2021’s production ranges when the iPhone 13 was launched. Apple (AAPL) is reportedly constructing a complete of 220 million iPhones in 2022, or roughly the identical variety of iPhones that had been constructed a 12 months in the past.

Apple (AAPL) does not publicly disclose the variety of iPhones it sells. Through the second quarter of this 12 months, Apple (AAPL) stated the iPhone accounted for $40.7B of the corporate’s $83B in quarterly income.

Apple (AAPL) traditionally launches a brand new mannequin of the iPhone in both September or October in an effort to increase gross sales through the end-of-the-year Christmas and vacation purchasing seasons. Already, there have been expectations that Apple (AAPL) may elevate the typical promoting worth of the so-called iPhone 14 by as a lot as 15% over the iPhone 13’s price ticket.

Ought to Apple (AAPL) ramp up iPhone production over the following few months, it might accomplish that within the wake of one among its prime suppliers, Foxconn (OTCPK:FXCOF) saying earlier this week that it’s seeing indicators of slower client demand within the smartphone market.

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