Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021.
Author: Debby Wu
Taiwan’s TSMC reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.
Apple is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.
Smartphone shipments fell 11% in the first quarter, the worst drop since the coronavirus outbreak, according to Canalys.
Widespread Chinese lockdowns have begun to exact a toll on global supply chains. Even Apple has been unable to avoid the ructions.
The biggest assembler of iPhones said component shortages that have plagued electronics production for more than a year are showing signs of easing.
Apple is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product.