Apple going to cut down the production of the iPhone 14 Plus within weeks.
The California-based company told at least one manufacturer in China to immediately halt production of iPhone 14 Plus components, according to the report.
The move comes at a time when the global smartphone market has been softening, shrinking 9% in the third quarter compared with the same period a year earlier, according to estimates from data research firm Canalys, which expects weak demand over the next six to nine months.
Remember that, The iPhone 14 Plus, part of a new lineup announced on 7th September 2022 that is positioned as a cheaper alternative to its more expensive iPhone Pro models and started being shipped to customers on Oct. 7.
According to a Bloomberg News report, last month Apple dropped its plan to increase production of the new iPhone models as an anticipated surge in demand failed to materialize.