Apple Hopes to Maintain iPhone Sales in 2022 as Market Slows

Apple Inc. has asked suppliers to make at maximum of its next-generation iPhones this year as in 2021

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The tech giant is telling its manufacturers to make 90 million of its newest devices, the equivalent of last year

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The Cupertino, California-based company expects to assemble a total of 220 million iPhones by 2022.

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Mobile device makers are starting to freeze orders, China's biggest chipmaker warned on Friday

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The global handset market, which fell 9% in the June quarter, is expected to shrink 3.5% in 2022

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Taiwanese iPhone assembler Pegatron Corp rose as much as 3.6% in its biggest gain in five weeks

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The virtual death of Huawei Technologies Co. has also eroded the competition in high-end smartphones.

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Apple will launch four new iPhone models that are expected to make more of a breakthrough than the 2021 version

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Apple's iPhone and iPad performed better than feared in the June quarter

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In the current macro environment, Apple seems to be witnessing no meaningful impact on its iPhone business

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