Apple to cut iPhone and AirPods production
Apple iPhone SE. (Courtesy of Apple Inc. )
Apple is reducing the output of the latest iPhone models and AirPods earphones, according to a report.
Nikkei Asia reported Apple has told its suppliers that it will cut orders of the iPhone SE by about 2 million to 3 million units, the iPhone 13 by about 2 million units, and the AirPods by about 10 million units due to lower consumer demand.
"Rising inflation and the Russia-Ukraine war have impacted the demand for different Apple products," according to Zacks Equity Research. "The ongoing conflict has also compounded the year-long chip shortage, hindering various industries ranging from PCs to smartphones."
Apple unveiled its latest generation of the iPhone SE, which costs $30 more than the previous SE model. It features an updated camera system, an A15 chip, and 5G capability — but the exterior design remains the same.
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