Apple will maintain iPhone production levels in 2022

Apple Inc plans to keep iPhone production for 2022 roughly flat at about 220 million units, Bloomberg News reported on Thursday, as China's COVID-19 curbs, global supply chain issues, and cooling demand continue to hurt smartphone makers.

A COVID-19 outbreak in China has kept the country's financial capital, Shanghai, largely paralysed by a city-wide lockdown that is now in its seventh week. Meanwhile, Beijing has increased its quarantine efforts. Foxconn, the iPhone maker's supplier, has been able to keep its workers on-site in a "closed loop" system to limit the impact on production, but nationwide lockdowns have prompted many to issue demand-related warnings.

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