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