Apple to Keep iPhone production flat this year as market get tougher

Apple shares dropped about 1% Thursday morning in New York.

Apple doesn’t disclose its production targets and stopped disclosing how many iPhones it sells in 2019.

Apple is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.

The company is asking suppliers to assemble roughly 220 million iPhones, about the same as last year, according to people familiar with its projections, who asked not to be named as they’re not public.