iPhone SE 2022 demand drops — what this means for Apple

Apple overestimated consumer demand for the brand-spankin’ new iPhone SE 2022, according to a new Nikkei Asia report. Consequently, the Cupertino-based tech giant is reducing production orders of the budget-friendly, 5G-capable phone by two to three million units.

Citing sources close to the matter, Nikkei Asia claims that the continual rise of inflation and the Russia-Ukraine war are to blame for consumers’ waning interest in Apple’s newest smartphone entry.

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