Huawei reports decline in revenue despite profits hitting record high
The results were in line with expectations according to the vendor
Paul Lipscombe
March 28, 2022
Apple recently launched its 5G version of the iPhone SE
Apple is going to cut manufacturing of the iPhone SE by 20 power cent according to a report in Nikkei Asia, the world’s largest financial newspaper.
The publication says the information came from two sources who say that production of SE’s will be cut by two million units due to weaker than expected demand.
The war in Ukraine is expected to exacerbate the worldwide chip shortage as production of neon, palladium, and C4F6, crucial for microchips, could be hit.
Consultancy firm Techcet says “These materials are vital to semiconductor processing and are irreplaceable”.
The new iPhone SE with 5G was launched only three weeks ago.