2 years ago
Apple stock ticks down on report of cut to iPhone 14 Plus production
Shares of Apple dipped Tuesday on a report that the company has asked one supplier to stop producing a component for the iPhone 14 Plus while the company re-evaluates demand. One of Apple's manufacturers in China has been instructed to immediately halt production of a component for the phone less than two weeks after its debut, according to The Information. Two other suppliers that assemble modules from that component have also cut production dramatically, the report says.
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