Mobile industry bellwether Murata Manufacturing expects Apple to reduce iPhone 14 production plans further in the coming months because of weak demand, which would force the supplier to again cut its outlook for its handset-component business.
"Judging by handset availability in stores, I see a downward revision happening,” Murata President Norio Nakajima said in an interview. "I hope that it won’t be too deep.”
Apple has trimmed iPhone output on softening demand and may slash production further, Bloomberg reported last month. Nakajima’s comments add to the evidence of slowing spending by consumers hit by rising interest rates, elevated inflation and sputtering economic growth.