Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Apple Inc.
  6. News
  7. Summary
    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
147.81 USD   -0.34%
12/02Wall Street closes modestly lower after jobs report
RE
12/02Broadcom's Outlook Could be Affected by Enterprise Storage Slowdown, Apple Production Cuts, Oppenheimer Says
MT
12/02S&P 500 ends slightly lower after jobs report
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Apple drops plan to boost iPhone production as demand falters-Bloomberg

09/27/2022 | 10:54pm EST

Sept 27 (Reuters) - Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family by as many as 6 million units in the second half of this year, Bloomberg reported.

Instead, the Cupertino, California-headquartered company will aim to produce 90 million handsets for the period, nearly the same number as a year ago and in line with Apple's original forecast this summer, the report said.

Apple did not immediately respond to a Reuters request for comment.

Demand for the higher-priced iPhone 14 Pro models is stronger than for the entry-level versions and at least one Apple supplier is shifting production capacity from lower-priced iPhones to premium models, Bloomberg reported.

Apple had this week said it would start manufacturing the iPhone 14, launched earlier this month, in India, as the tech giant moves some of its production away from China. (Reporting by Jahnavi Nidumolu and Juby Babu in Bengaluru; Editing by Rashmi Aich and Savio D'Souza)


ę Reuters 2022
All news about APPLE INC.
12/02Wall Street closes modestly lower after jobs report
RE
12/02Broadcom's Outlook Could be Affected by Enterprise Storage Slowdown, Apple Production C..
MT
12/02S&P 500 ends slightly lower after jobs report
RE
12/02Wall Street closes modestly lower after jobs report
RE
12/02Media Industry Set to See Choppy Advertising Trends in 2023, BofA Says
MT
12/02Wall Street falls as jobs report keeps Fed on hike path
RE
12/02Nasdaq leads Wall St lower after robust November jobs data
RE
12/02Broadcom Fiscal Q4 Earnings Likely to Top Wall Street Expectations, Oppenheimer Says
MT
12/02U.S. equity funds register biggest weekly outflow in over five weeks
RE
12/02Nokia smartphone maker HMD Global files EU antitrust complaint against VoiceAge EVS
RE
More news
Analyst Recommendations on APPLE INC.
More recommendations
Financials (USD)
Sales 2023 407 B - -
Net income 2023 98 135 M - -
Net cash 2023 60 983 M - -
P/E ratio 2023 23,7x
Yield 2023 0,65%
Capitalization 2 351 B 2 351 B -
EV / Sales 2023 5,63x
EV / Sales 2024 5,30x
Nbr of Employees 164 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 147,81 $
Average target price 174,33 $
Spread / Average Target 17,9%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
APPLE INC.-16.48%2 351 379
XIAOMI CORPORATION-46.46%32 047
WINGTECH TECHNOLOGY CO.,LTD-57.08%9 852
SHENZHEN TRANSSION HOLDINGS CO., LTD.-51.43%8 727
FIH MOBILE LIMITED-37.50%866
DZS INC.-25.52%364