Key iPhone Supplier Expects Orders to Drop on Weak Tech Demand
- Handset stock in stores suggests slow demand: Murata president
- Sees no recovery in smartphone market until next fiscal year
Apple has trimmed iPhone output on softening demand.
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Mobile industry bellwether Murata Manufacturing Co. expects Apple Inc. 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.”