Despite keeping prices for the iPhone 14 the same as previous models, Apple is reporting low demand for the new products, and are now cutting down on making more product.

According to a Bloomberg report, the company won't increase production by 6 million units for the second half of this year as they originally planned.

Instead, the tech giant will produce as much as they did last year.

Some experts believe people aren't rushing to buy the new phone because of fears of a looming global recession.