Apple drops iPhone production increase plans as demand falters - Bloomberg News


FILE PHOTO: The iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max are displayed at the Apple Fifth Avenue store, in Manhattan, New York City U.S. September 16, 2022. REUTERS/Andrew Kelly

(Reuters) - Apple Inc is dropping plans to increase the production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday.

Apple did not immediately respond to a Reuters request for a comment.

(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Rashmi Aich)

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