Apple Reportedly Cuts
Orders Due To Declining
Demand: Report

There have been major
reductions in product
orders by Apple.

This news has caused a
3.55% decline in Apple's
NASDAQ value.

Production at a significant
iPhone facility in Zhengzhou
has returned to 90% capacity.

Apple's supply chain in China
is facing challenges due to the
easing of COVID lockdowns
and reopening of factories.

The company has
reportedly cut orders
from its suppliers.

The demand for Apple
products is not strong.

The supply chain in China
is struggling to adapt to
sudden policy changes.

These policy changes have
resulted in a shortage of
laborers due to increased
COVID cases.

For Q1 2023, Apple
has reportedly cut orders
across several product lines,
including AirPods, MacBooks,
and Apple Watch.

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