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Chronicles

The story behind the story

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Sources: Apple asks suppliers to produce about 85M iPhone 15 units in 2023, only slightly below 2021 and 2022's 90M target, and considers raising 15 Pro prices

- Apple targets 85 million units, roughly in line with last year  — Its fortunes affects thousands of firms, millions of workers

Bloomberg

Context & Ripple Effects

Apple’s 85M-unit request marks a modest step down from the up-to-90M build plan for the prior generation and follows a 2022 cycle in which it abandoned a planned iPhone 14 production increase to remain at 90M. The continuity matters: Apple is again setting supplier expectations around a large, but not expanding, flagship-volume baseline.

The reported consideration of higher iPhone 15 Pro prices pairs a lower production target with a potential shift toward extracting more revenue from premium models, rather than relying solely on unit growth.

First-order effects

  • Apple’s iPhone assembly and component suppliers are asked to plan around roughly 85M iPhone 15 units, below the 90M target used in the previous two cycles.
  • A Pro-price increase, if implemented, would directly raise the purchase cost of Apple’s highest-end new iPhones and make product mix more important to the launch’s revenue outcome.

Second-order effects

  • Suppliers and assemblers face less incremental volume than under the earlier 90M targets, increasing the importance of Apple’s model allocation and any later production adjustments.
  • A higher-priced Pro tier could push rivals to sharpen their own premium-phone positioning, while also widening the price gap between flagship and non-Pro devices.

Third-order effects

  • The pattern points to a mature smartphone market in which major launches are managed through stable production baselines and premium pricing, rather than sustained annual unit expansion.
  • If Apple can maintain revenue with flatter volumes and a richer Pro mix, handset makers may increasingly prioritize average selling prices and model segmentation over shipment growth.

The trend: This is one data point in the shift from smartphone unit growth toward premiumization and tighter supply planning.

Discussion

  • @maxwinebach Max Weinbach on x
    Would not be surprised by a $100-200 increase
  • @6d6f636869 Takashi Mochizuki on x
    Exclusive: Apple plans to make 85 million units of iPhone 15 this year, on par with the volume for iPhone 14 in 2022. Some issues on entry level, but increased production of Pro models should offset that. https://www.bloomberg.com/...