Apple falls on fears of slowing iPhone 14 demand

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Go back to Apple falls on fears of slowing iPhone 14 demand

Apple (AAPL) Analyst Says Production Reports Sound 'a Little Weird'

September 28, 2022 1:30 PM EDT

Apple (NASDAQ: AAPL) shares fell Wednesday after reports that the technology giant was ditching its plans to boost iPhone production after demand falters.

However, according to TF International Securities Apple analyst Ming-Chi Kuo, the reports do not seem to be accurate.

"Rumored Apple ditching iPhone... More

Evercore ISI on Apple (AAPL): 'remains one of the few companies that is positioned to beat/raise through H2:22'

September 28, 2022 10:45 AM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)

The analyst comments " Multiple news outlets, including Bloomberg, have reported that AAPL has told suppliers to curtail efforts to increase production of the iPhone 14 by as many as 6M units. The implication is now that AAPL will aim to produce ~90M units of the iPhone 14... More