Apple faces major iPhone 14 shortages: analysts
Wedbush analyst Dan Ives reported, there were significant shortages of iPhone 14 during this year’s Black Friday discounts, both online and in physical locations.
According to him, “demand for iPhone 14 units is far outpacing supply entering the crucial Black Friday holiday weekend and could produce serious shortages leading into the Christmas season.” According to CBS News, the shortages are caused by a slowdown in production at FoxConn and the Covid-19 outbreak in China, as well as a new lockdown. According to him, “demand for iPhone 14 units is far outpacing supply entering the crucial Black Friday holiday weekend and could produce serious shortages leading into the Christmas season.” The shortages are caused by the slowdown in production at FoxConn and the Covid-19 outbreak in China, according to CBS news.
“China’s “zero-Covid” policy and rising cases have compelled Apple to switch production to India as residential lockdowns spread and business halt.”
Ives reported that “The zero-Covid China shutdowns in Foxconn have been a major gut punch to Apple this quarter and we believe have taken roughly 5% of iPhone 14 units out of the supply chain and thus putting Cupertino in a ‘major shortage’ heading into the next month”.
Recent labour disputes at FoxConn’s factories resulted in violent strikes that broke out over compensation. The Taiwanese corporation apologised and blamed a “technical fault” in adding additional personnel as the cause of the tussles with the police.
In contrast to last year’s 10 million sales, he estimated that Apple might only sell 8 million iPhones on Black Friday.
