Production plans for Apple have not been affected by reported hiring & spending cuts

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The supply chain has not been harmed by reports that Apple is cutting back on expenditure and recruiting in several departments for 2023, according to Ming-Chi Kuo, an analyst.

According to a Bloomberg story, Apple is taking a cautious approach going into 2023 by decreasing hiring and investment in some teams. According to people with direct knowledge of the situation, the adjustments won’t affect everyone at the company, and the corporation plans to press ahead with an “ambitious product launch timetable.”

Also read: Kuo estimates that Apple’s supply issue with the iPhone 14 will have a minimal impact on the market

Analyst Ming-Chi Kuo has given some of his own thoughts on Bloomberg’s piece, which he thinks is interesting. He claims that the development plans for his supply routes in 2023 have not changed.

The order visibility of equipment also stays the same for up to twenty-four months. This indicates that Apple has not revised any supply chain orders for existing items, despite the report’s claims that the corporation has decreased hiring and expenditure internally.

The expanded timescale of 18 to 24 months in Kuo’s tweet doesn’t provide much more insight, but it illustrates that Apple’s internal adjustments will not be visible for some time. According to previous reports, the “Apple Car” team has been disbanded. It’s unclear whose departments the hiring freeze and budget cuts would affect.

Also read: Apple Watch preserved the life of a Maine woman who suffered from a deadly tumor

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