Apple, the Tech Giant, is Cutting Back on iPhone Production

It was noted that the American technology company Apple will keep the production of the iPhone, which is estimated to be produced as 240 million units, around 220 million, close to last year.

Popular technology company Apple stated that they will not make a big change in the number of production in their plans for 2022, which is expected to be more and more difficult in the smartphone industry. The expected production of 240 million iPhones for Apple caused production expectations to fall due to the problems experienced in the phone industry since the beginning of the year. The most striking inflation of the last 40 years, Russia's war against Ukraine and supply chain problems continue to exert pressure on sales in 2022. 2 percent contraction is expected in the smartphone market Consulting firm Strategy Analytics announced that they expect a contraction of around 2 percent in all smartphone deliveries for 2022, while TrendForce revised down its production forecasts for the whole year twice in the past weeks. IDC and Bloomberg Intelligence, on the other hand, stated that they expect 240 million iPhones to be produced earlier this year. Delivery rates fell 11 percent in the first quarter With high inflation and the war's smartphone sales, delivery rates fell 11 percent, experiencing its worst period since the start of the pandemic. Xiaomi, the world's third-largest phone maker after Apple and Samsung, also reported a decline in quarterly revenues for the first time this month. Experts emphasize that the impact of the latest shutdowns may be milder than previously thought, as smartphone demand typically declines in the second quarter.