https://external-preview.redd.it/QAUCFGXhH3WZbzqIlNEOk4NGRN66ouKEOPfO5FXT2WI.jpg?auto=webp&s=fd57c99bb637a7126691bf1ba79cb29d66914fa7
* **Shares of Apple dipped Tuesday after reports that the company is reducing production of its iPhone 14 Plus.**
* **One of Apple’s manufacturers in China has been instructed to immediately halt production of the iPhone less than two weeks after its debut, according to the report.**
Shares of Apple dipped Tuesday after reports that the company is reducing production of its iPhone 14 Plus.
One of Apple’s manufacturers in China has been instructed to immediately halt production of the iPhone less than two weeks after its debut, according to the report.
The iPhone 14 Plus, which starts at $899, is a cheaper alternative to the company’s iPhone 14 Pro Max model, which starts at $1,099.
The new report suggests that consumers are opting for the more expensive model among the two large-screened iPhones. That maps to an earlier report from Bloomberg that said the company told suppliers to bail on plans to increase iPhone 14 production in September. (The iPhone 14 is the cheaper alternative to the iPhone 14 Pro.)
Demand for the new models failed to spike as high as anticipated, Bloomberg had said.
Apple declined to comment on the report.
Source: [https://www.cnbc.com/2022/10/18/apple-ticks-down-on-report-oof-cut-to-iphone-14-plus-production.html](https://www.cnbc.com/2022/10/18/apple-ticks-down-on-report-oof-cut-to-iphone-14-plus-production.html)
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I wish AAPL didn’t make up 50% of my portfolio, so that I could justify buying more
>It’s no surprise that the cheaper iPhone 14 is outselling the more expensive iPhone 14 Plus. Apple has been increasingly focused on selling pricier models in recent years, and it looks like that strategy is paying off yet again.
Yes because Cramer said “only 1 thing to do with AAPL, buy and hold forever”. The F$CKED for sure now.
It still feels a little overvalued for me, at least with what we know so far. It can’t just be a new watch, iPad, etc. year over year. They need to unveil something big because people just don’t feel an urgent need to upgrade any more. I wouldn’t be surprised if we see some missed projections and corrections until then.
Apple knows supply chain well, and I trust them slowing production more than if they had continued to pump production just because. The Plus models have always had lower demand than the standard versions. I see this as them testing demand and adjusting production accordingly.
Apple will probably fall to low 130s possibly 120s not by end of week but eventually and then hopefully that will be the bottom
Yea, the base models are selling like shit. Pro versions are allegedly doing better.
If the lower-than-expected demand for the Plus is truly related to a higher-than-expected demand for the Max or the Pro models in general, seems like AAPL shouldn’t have much to worry about long-term
What about earnings tho what direction do we think and how hard
Real world performance doesn’t matter. The market doesn’t care if they sell 20% more or less from last year. The only thing that matters is the pump and dumps fueled by the fed.