Rumors About Apple Cutting AirPods Orders Not True, Says Analyst

Two electronics manufacturing service (EMS) suppliers of AirPods have publicly denied rumors about Apple Inc. AAPL cutting orders for the earphones this year, long-time Apple analyst Ming-Chi Kuo noted.

What Happened: Kuo noted that the China-based suppliers Luxshare Precision and GoerTek have denied rumors about Apple cutting AirPods orders by 10 million units for this year.

See Also: How To Buy Apple (AAPL) Stock

Why It Matters: Kuo’s comments came after it was reported on Monday, citing Nikkei Asia, that Apple is looking to slash iPhone SE production next quarter and also cut the orders for its AirPods by more than 10 million units.

Apple's move reflected the Ukraine war and looming inflation that have hindered consumer electronics demand, as per the report.

The Tim Cook-led company introduced the AirPods 3 — the third generation of AirPods — in October last year.

Price Action: Apple shares closed 0.5% higher in Monday’s regular trading session at $175.60, but lost almost 0.1% in the after-hours session to $175.46, , according to data from Benzinga Pro.

Read Next: After AirTags, Apple Watch Used For Stalking: Man Gets Busted For Utilizing Wearable To Keep Tabs On Girlfriend

Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsRetail SalesAnalyst RatingsTechAirPodsMing-Chi Kuo
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...