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Apple to cut iPhone production by 14% in Q1 2023 due to inflation, says TrendForce

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Apple is one of those rare companies that is still posting record profits at a time when the current economic slowdown has made most companies miss their targets. After another record quarterly revenue figure, Apple is bracing for a slowdown heading into 2023.

A new report by TrendForce now says that despite iPhone sales going strong right now, Apple is cutting its production by 15% in the first quarter of 2023. This is apparently to combat the expected lowered demand from inflation, among other global events that are contributing to worse economic conditions.

Apple to cut Q1 2023 iPhone production from 56 million to 52 million

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