Apple cuts production targets of iphones, Airpods

In view of the ongoing conflict in Ukraine and Russia and rising inflation, Apple may be reducing its production. In order to weather the low-demand phase, the American company plans to drastically reduce production of iphones and Airpods. Nikkei has reported on Apple’s decision to reduce output. People with knowledge of the situation were quoted in the report. Apple will cut production of the iphone SE 2020 and iphone SE 2022 by 20%, according to the report. Apple, in particular, faces challenges from the lack of a design upgrade for the latest SE and a $30 increase in its price from the 2020 model, analysts have said. Ming-chi Kuo at TF International Securities on Monday slashed his shipment estimate for iphone SE this year to between 15 million and 20 million units, from 25 million to 30 million units previously.