Technology Company Apple Trading activity is negative for shares. There were rumours Tuesday night that Apple would scale back its 2019 iPhone production expansion, and on Wednesday morning, the rumours were confirmed. Source After "an anticipated surge in demand failed to materialise," Apple reportedly told its suppliers to scale back their plans to increase production of the iPhone 14 product family by as many as 6 million units in the second half of this year, as reported by Bloomberg, citing people familiar with the matter. Some of Apple's suppliers reportedly started gearing up for a 7% increase in orders before the iPhone 14 launch, as the company raised its sales forecast. Thesis Bloomberg reported Tuesday night that Apple Inc. (NASDAQ:AAPL) has reportedly told its suppliers to reduce smartphone production in the second half of 2022, leading some to speculate that global demand for Apple's iPhones may be waning. This is the latest episode in a very gloomy globa...
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