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Apple to Lose Millions of iPhones Due to Factory Turmoil

Apple Inc. is set to incur a production shortfall of up to six million iPhones following Covid-related turmoil at the company's key manufacturing hub of Zhengzhou in China. Health-related lockdowns have slowed down production at the Zhengzhou factory, while violent protests against China's continued Covid...

Apple Scraps Plans to Increase Production of New iPhones Amid Lower Demand

The new iPhones are not flying off the shelves in the way that Apple believed they will. As a result, the company decided to scrap its plans to ramp up the production of the iPhone 14 in the second part of 2022. According to Bloomberg,...

Apple Under Investors’ Spotlight Ahead Of iPhone Launch

All eyes are on Apple Inc stocks ahead of the company's iPhone 14. The tech giant unveiled its latest smartphone on June 6 at its Worldwide Developers Conference, also demonstrating a range of the key features that could be accessed on the new model....

Analysts Cut Their Share-Price Forecasts on Apple Ahead of Earnings Report

Back in March, many experts were bullish on Apple stock resulting in a share-price forecasts average of around $190. However, things have been rapidly changing in the past few weeks. Analysts are becoming less convinced about Apple and are trimming their price targets ahead of...