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Sources: Apple tells its assemblers to make 90M of the newest iPhones, on par with 2021, despite deteriorating projections for the smartphone market

Apple Inc. has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele …

Bloomberg Debby Wu

Context & Ripple Effects

Apple's 90 million-unit target maintains the level it sought in its 2021 production plan, when that target represented a 20% year-over-year increase. It also follows a 2019 new-iPhone component plan of roughly 75 million units, making the current decision a commitment to a higher operating baseline.

The contrast is sharper because related coverage cites IDC's expectation of a 3.5% smartphone-market decline in 2022. Apple is asking its assembly base to plan around its own premium-demand assumptions rather than the broader handset outlook.

First-order effects

  • Apple's assemblers and component suppliers must reserve capacity for at least 90 million next-generation iPhones despite weakening industry projections.
  • Apple assumes the inventory and execution risk of holding production at its 2021 target, betting its affluent customer base will support the volume.

Second-order effects

  • Suppliers serving Apple receive a comparatively firm demand signal while handset makers more exposed to the market contraction may need to adjust their own component commitments.
  • Apple's production plan raises the importance of supply-chain allocation: capacity directed to its iPhone program is unavailable for customers reducing handset orders.

Third-order effects

  • If Apple can repeatedly sustain premium-phone production through broader market contractions, handset supply chains may become more dependent on large, predictable flagship programs rather than aggregate smartphone demand.
  • The later 85 million-unit iPhone 15 production plan suggests a more durable pattern of elevated but carefully managed production targets, rather than a return to the 2021 growth step-up.

The trend: Smartphone supply chains are increasingly being planned around resilient premium-device demand even as the overall handset market contracts.

Discussion

  • @markets @markets on x
    Apple asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn https://www.bloomberg.com/...