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What happened? iPhone 14 did not have a "boom" in demand as expected, Apple shares fall
Written by SOT.COM.AL 29 Shtator 2022
Apple shares fell 4% amid concerns about demand for the company's latest line of iPhones.
Apple ( AAPL ) has reportedly abandoned efforts to boost production of its iPhone 14 lineup by 6 million units in the second half of this year after lower-than-expected demand, according to a Bloomberg report on Tuesday citing sources unidentified, but familiar with the problem.
The company is now said to be planning to produce about 90 million iPhone 14 units in that time period, roughly in line with a year ago, according to the report.
Apple did not immediately respond to a request for comment, CNN reports.