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According to various sources familiar with the matter, Apple is cutting iPhone 14 production due to the company seeing that its Pro Models are more popular (and profitable).  One of the reports says:

As a result, DigiTimes‘ sources indicated that total shipments of the ‌iPhone 14‌ Plus will likely be revised downward to around 10 million units for 2022.

Regardless, the iPhone 14 Pro models are proving to be what the consumer wants and needs at this time.

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Dan Uff
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https://www.compuscoop.com/