July 3, 2022

According to the market, Apple lowered TSMC (2330-TW) of iPhone 14 chip orders reached 10%, however, Tianfeng International analyst Ming-Chi Kuo said on the 2nd that the current survey shows no signs of cutting orders, and it is estimated that iPhone 14 shipments in the second half of the year will remain between 90 million and 100 million units.

Ming-Chi Kuo pointed out that Apple (AAPL-US) Adjusting the expected shipments of iPhones is a common behavior, and the amplitude adjustment increases or decreases by a single digit. These shipments also include models such as trial production and testing before mass production, and usually will not be significantly adjusted before the product is unveiled ( double-digit) order.

Ming-Chi Kuo said that if the shipment progress of the iPhone before mass production is limited due to supply chain problems, Apple will usually delay the order instead of cutting it.

On the contrary, Ming-Chi Kuo is optimistic regarding the performance of this year. He said that the demand for the iPhone 14 in the Chinese market this year may be stronger than that of the previous generation, because some Chinese dealers and retailers have paid the highest deposit ever for the iPhone 14 to ensure a safe supply.

Ming-Chi Kuo revealed that currently in the Chinese market, the deposit for the iPhone 14 is significantly higher than that for the iPhone 13, and in some regions it is even twice that of the iPhone 13, which is expected to ease the market’s concerns regarding the iPhone 14’s order cut following its launch.

Multi-billionaire and Amazon founder Jeff Bezos said the US president was misguided in calling on gasoline distributors to lower prices quickly, prompting several White House officials to defend Joe Biden on Sunday.

“My message to companies that operate gas stations and set prices at the pump is simple: We are in a time of war and global peril,” Trump wrote on Twitter on Saturday. “Reduce the price you charge at the pump to reflect the cost you pay for the product. And do it now.”

For Mr. Bezos, this reasoning is “either an attempt at diversion, or a deep misunderstanding of the basic dynamics of the market”.

“Inflation is far too big an issue for the White House to continue making statements like this,” he tweeted on Saturday.

Soaring prices at the pump, which have become a symbol of the general rise in prices, weigh down the popularity of the Democratic president, who regularly criticizes the oil giants for getting rich without making efforts to solve the problem.

The latter retort that they are increasing their production and that they operate the American refineries at very high rates, but that the prices are fixed on the world market and are subject to dynamics beyond their control.

White House spokeswoman Karine Jean-Pierre came to Joe Biden’s defense on Sunday, noting on Twitter that crude prices have fallen “regarding $15 over the past month” but that prices at the pump “have barely come down”. “It’s not regarding ‘basic market dynamics’. It’s a market that’s failing the American consumer.”

The gallon of gasoline in the United States rose above the symbolic threshold of 5 dollars per gallon in early June for the first time. It has come down a bit since then but remains far from the 3.10 dollars of a year ago.

John Kirby, who coordinates White House communication on strategic issues, defended Joe Biden’s position in an interview on Fox on Sunday.

“The president is working very, very hard, on several fronts (…) to try to reduce prices” at the pump, he assured before mentioning, among other things, his proposal to suspend the federal tax on gasoline. during the summer – which must be accepted by Congress, or the decision to draw heavily on strategic oil reserves.

“He knows it won’t solve all the problems, but it will help if everyone cooperates, and we might bring the price down at least regarding $1 a gallon,” he added.