SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Nvidia Develops New Location-Verification Technology for AI Chips 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
It has only been a few weeks since Apple officially unveiled the latest generation of the iPhone SE. But the tech giant has reportedly made significant changes in its production plans for its budget device in anticipation of fewer demands in the upcoming quarter.
Apple has told suppliers about its plans to reduce the orders for the new iPhone SE by 20 percent for the next quarter, Nikkei Asia reports. It is expected to lower the company’s production targets by 2 million to 3 million units for the said quarter.
The report cited four persons with knowledge of Apple’s plans, who claimed that the scaled-down iPhone SE production for Q2 2022 was decided as the iPhone maker expects fewer demands amid the ongoing war in Ukraine and inflation.
The third generation of the iPhone SE was one of the highlights of Apple’s “Peek Performance” event earlier this month. While the device is still using a form factor almost identical to the iPhone 8, it received several hardware upgrades. The latest iPhone SE is Apple’s first budget phone that supports 5G network. It is also powered by the A15 Bionic chip, the same processor Apple uses for the iPhone 13 series.
CNBC reports that JPMorgan also expects lower demand for the iPhone SE in China. The country has imposed COVID-19 lockdowns anew in recent weeks after recording several hundreds of new infections this month. Shanghai has started implementing a two-stage lockdown throughout the city to carry out COVID testing. CNA reported on Sunday that Shanghai accounted for 60 percent of the 2,631 new asymptomatic cases.
However, in a tweet on Sunday, analyst Ming-Chi Kuo says he believes the Shanghai lockdowns are unlikely to affect the iPhone SE production. But he also believes that Apple would see lower demand for its newest budget phone and updated his forecast on iPhone SE shipments throughout 2022 to 15-20 million from the original estimation of 25-30 million.
Meanwhile, Nikkei also reported that Apple has reduced its orders for other products. The productions of AirPods and the entire iPhone 13 series are said to have been cut down by more than 10 million and “a couple million” units, respectively.
Photo by Daniel Romero on Unsplash
