Apple to keep iPhone production flat in 2022: Report – Times of India

NEW DELHI: Apple Inc plans to maintain iPhone production for 2022 roughly flat at about 220 million items, Bloomberg Information reported on Thursday, as China’s Covid-19 curbs, world provide chain points, and cooling demand proceed to harm smartphone makers.
An outbreak of Covid-19 in China has saved its monetary hub Shanghai largely paralysed by a city-wide lockdown – now in its seventh week. Beijing, in the meantime, has ramped up its quarantine efforts.
The iPhone maker’s provider Foxconn has been in a position to maintain its employees on-site in a “closed loop” system to restrict the affect on manufacturing, however lockdowns within the nation have pushed many to sound demand-related warnings.
Apple had additionally mentioned final month any new lockdowns in China and Taiwan, the place many elements and iPhones are produced, may deliver new obstacles when it comes to provide and demand within the present quarter.
The developments additionally comes as traders brace for a drop in client spending on tech devices and companies because the battle in Ukraine drives up the price of oil, meals, and different staples.
Individually, Nikkei reported on Wednesday that the corporate had instructed its suppliers to hurry up iPhone growth after China’s Covid-19 lockdowns hampered schedule for at the least one of many new telephones.
Apple didn’t instantly reply to a Reuters request for remark.

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