Apple cuts iPhone 14 orders by 10%, says report
What you need to know
- Apple's iPhone 14 is expected to debut in September.
- A new report claims Apple has cut back orders by 10%.
- Production has already started, but Apple has reduced its initial order of 90 million units.
A new report today claims that Apple has cut back orders for the iPhone 14 ahead of its expected launch in September.
Digitimes reports Friday that Apple's main chip supplier, TSMC, has seen a sudden downturn in fortunes because of three major customers cutting back orders. The report says that both AMD and NVIDIA are both tightening their belts, and Apple has reportedly cut iPhone 14 orders by 10%:
The report cites a cooling demand for consumer electronics that is expected to get worse in the second half of the year, and that the supply and demand downturn is "worse than expected." The report says the moves have caused a "great shock to the market."
The news is interesting because on Thursday analyst Ming-Chi Kuo stated that anticipated demand for the iPhone 14 was actually up in China compared to the iPhone 13, Apple's current best iPhone. Kuo states that people are already paying scalpers deposits for the device, sometimes twice as much as they did for iPhone 13. Kuo said Friday that the forecast was around 90 million units for the second half of the year, and said solid demand for the iPhone 14 could reduce market concerns about cutting orders.
The iPhone 14 is expected to feature a new iPhone 14 Max alongside the regular iPhone 14, ditching the ailing 'mini' form factor from its lineup.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9