Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Another report that claims the iPhone 14 Plus demand is not hitting Apple's expectations has emerged, and the tech giant has allegedly asked suppliers to "immediately halt" parts production for the 6.7-inch standard model. But Apple has not canceled plans for another 'Plus' variant for 2023.
The iPhone 14 Plus arrived in stores barely two weeks ago, but Apple is already making adjustments to its production plans for the device. The Information reported, citing two sources from Apple's supply chain, that the iPhone maker had already asked at least one supplier in China to stop making parts for the device. It was not clear how long this request would be in place, but the same report said the company will reevaluate the demand for the iPhone 14 Plus for now.
This is not entirely new information, as TF International Securities analyst Ming-Chi Kuo said last month that his supply chain survey revealed Apple was already reassigning iPhone 14 Plus production lines to produce more units of iPhone 14 Pro models. This was corroborated by The Information this week, but the publication noted that the increased production of the iPhone 14 Pro and iPhone 14 Pro Max is not high enough compared to the production volume cut for the iPhone 14 Plus.
This year was the first time Apple brought back the "Plus" branding since 2017. The iPhone 14 Plus is equipped with all the features available in the baseline iPhone 14 variant but with a larger display. It seemed to be a good option for customers who just wants a bigger screen but do not need the bells and whistles exclusive to the iPhone 14 Pro models.
The recent report, however, noted that the A15-powered iPhone 14 Plus (available starting at $899) is only $100 cheaper compared to the iPhone 14 Pro. And this limited price difference may have affected some customers' decision to just opt for the higher-end variant that includes the new A16 Bionic chip.
The iPhone 14 Plus replaced the "mini" variant in two previous iPhone generations. While the market performance of the iPhone 14 Plus is likely affected by rising inflation worldwide, it is worth noting that demands for the iPhone 12 mini and iPhone 13 mini were also reportedly weaker than what Apple expected.
The recent developments in the iPhone 14 Plus sales, however, have not yet convinced Apple to completely drop a fourth device option for next year's iPhone series. The Information's source said Apple is still considering launching an iPhone 15 Plus in 2023.
