Apple may be cutting its spending, but that's unlikely to affect its production plans
It was recently reported that Apple intends to slow hiring and spending across some teams next year in response to an economic downturn. Now, analystApple’s cutting spending, but it shouldn’t affect production
Kuo states that his latest checks show there have been no significant changes to Apple’s hardware development plans for 2023. In fact, the situation looks almost unchanged regarding the next 18-24 months of supply. The information suggests that whilemay be implementing a more cautious approach when it comes to spending and hiring, it’s still full steam ahead with its hardware plans for the foreseeable future.
This lines up with Bloomberg’s recent report, which mentioned the company’s plans for an “aggressive product launch schedule” next year. The most important product expected to arrive within the next 12 months is Apple’s firstWhile it won’t be positioned as a mainstream device, primarily due to its high price tag and its focus on VR capabilities, the headset is set to mark the culmination of years of research and development.
Other teams will be left without replacements for departing employees. On the brighter side, Apple is reportedly planning a larger compensation budget to afford higher salaries for employees and maintain a competitive edge in an increasingly tight labor market.While the focus is increasingly shifting towards next year, Apple is planning a massive range of new products for release by the end of 2022.
The appetite for such a device has been evident for quite some time, with the iPhone 13 Pro Max consistently outselling the smaller Pro model. But in China, demand could be even more exaggerated. The iPhone 14 and iPhone 14 Pro lineups are scheduled to debut in mid-September, with a release following a couple of weeks later. A price hike is expected, which could push the iPhone 14 to $899 and the iPhone 14 Pro to $1,099, with the Max variants costing an additional $100.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple sued over antitrust violations for Apple PayApple Inc. undefined was sued on Monday in a class-action lawsuit alleging it denies access to Apple Pay mobile wallet technology that could be used to...
Read more »
Here are Tuesday's biggest analyst calls: Meta, Chipotle, Apple, Tesla, Exxon, Netflix, Sunrun & moreAnalyst call of the day for CNBCPro subscribers: Morgan Stanley reiterates Meta and Alphabet as overweight and says it sees “less revision risk” in Meta than other names. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Read more »
Apple, Amazon, and Google’s Thread border routers can now coexist on a single Thread networkIf you have one of these Thread border routers, your smart home will be Matter-ready
Read more »
Overheard at National Geographic: The Complications of Building a Tunnel Under Stonehenge on Apple PodcastsThe 4,500-year-old Stonehenge attracts hordes of tourists—and massive congestion. On the latest episode of OverheardNatGeo, historians fear that plans to build a tunnel under Stonehenge could harm valuable artifacts around the ancient site
Read more »
Apple will settle butterfly keyboard lawsuit for $50 millionOnly for customers in seven states, though.
Read more »
Apple plans to slow hiring, spending in 2023: reportOther tech companies being more cautious about hiring include Google, Meta Platforms, Spotify and Uber.
Read more »