Technology
iPhone 13 Demand Has Weakened, Apple Tells Suppliers Ahead of Holiday Season
Apple, suffering from a global supply crunch, is now facing a different problem: slowing demand.
People familiar with the matter said the company has informed its component suppliers that demand for iPhone 13 series products has weakened, indicating that some consumers have decided not to try to buy this hard-to-find product.
According to Bloomberg News, due to a shortage of parts, Apple has lowered its production target for iPhone 13 this year from 90 million units by as much as 10 million units. But it is hoped that most of the shortage will be made up next year-when the supply is expected to improve. According to people familiar with the matter, the company is now informing its suppliers that these orders may not be honored because the discussions are conducted in private.
The company is still expected to usher in a record holiday, and analysts expect sales to grow in the last three months of the calendar year, an increase of 6% to 117.9 billion U.S. dollars (approximately Rs. 88,405.55 billion). But this will not be the sensational quarter that Apple and Wall Street originally envisioned. Shortages and delivery delays have frustrated many consumers. As inflation and omicron variants bring new concerns to shoppers who are tired of epidemics, they may abandon some purchases.
This may mean skipping the iPhone 13 altogether and waiting for the upgrade when its successor comes out next year. In the current lineup, the standard model starts at US$799 (approximately Rs 59,890), and the Pro starts at US$999 (approximately Rs 74,890). It is considered a modest update of the iPhone 12, which has a brand new design. The 2022 model is expected to have even greater changes, giving some shoppers reason to wait.
Apple Inc., based in Cupertino, California, declined to comment. The iPhone is Apple’s flagship product, accounting for about half of its revenue of 365.8 billion U.S. dollars (approximately 274,220 billion rupees) in the previous fiscal year. The launch of upgrades is a delicate dance. With the introduction of the iPhone 13, Apple and wireless carriers have introduced aggressive discount programs to stimulate purchases. In some cases, users of iPhone 12 or earlier can purchase iPhone 13 for very little or even free.
Although discount programs are still available, some discount programs offer smaller savings compared to when the new model was first launched. During Apple’s last earnings conference call in October, CEO Tim Cook stated that demand for new products was “very strong” — driven by interest in new products, the latest iPhones, iPad devices and other Equipment-and the company is expected to achieve a record holiday quarter. In the same period last year, sales were 111.4 billion U.S. dollars (approximately 8,351 billion rupees).
He pointed out that supply constraints are the company’s biggest challenge. Cook predicts that in order to obtain enough components, especially chips, Apple’s revenue in the holiday quarter will exceed $6 billion (approximately Rs 44,980 crore).
News Source : Gadgets 360
In News
SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
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