Apple is pulling away from iPhone 14 production, retreating from plans to increase manufacturing by 6 million units, according to a report by Bloomberg.
Boyar Research's Jonathan Boyar joins Yahoo Finance Live to discuss low stock valuations, the stock market, and his stock picks in the financial and tech sectors.
Reports that Apple may not increase production of its new iPhone range because of weaker than expected demand have caused a minor market commotion. Apple’s share price fell 4 per cent in early trading on Wednesday as the wider S&P 500 rose. The dip is proof of the smartphone’s continued importance to the company despite Apple’s efforts to diversify.