--Apple Inc. is asking suppliers to produce about 220 million iPhones this year, about the same as 2021, amid an increasingly challenging industry environment, Bloomberg reports, citing unnamed sources.

--Apple is counting on resilient demand for its smartphones due to a relatively wealthier customer base and hardware sales fueled by the strength of its software and services ecosystem, while a major update is expected for the iPhone 14 model due in the fall, the report said.

 

Full story: https://bloom.bg/3PKXgVe

 

Write to Clarence Leong at clarence.leong@wsj.com

 

(END) Dow Jones Newswires

May 26, 2022 03:44 ET (07:44 GMT)

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