Delivery days are “increasing significantly” for iPhone 14 Pro and Pro Max models across all markets, Counterpoint analysts said.
“The zero Communist China Covid policy has been an absolute gut punch to Apple’s supply chain with the Foxconn protests in Zhengzhou a black eye for both Apple and Foxconn.
“We estimate that Apple now has significant iPhone shortages that could take off roughly at least 5% of units in the quarter and potentially up to 10% depending on the next few weeks in Communist China,” Dan Ives of Wedbush Securities said. Bloomberg’s breakdown of Apple’s supply chain shows that Foxconn (Hon Hai Precision Industry Co., Ltd.) is a top supplier.
Any manufacturing disruption in Communist China could leave Apple, AT&T, Best Buy, and Verizon stores with limited supplies of the new iPhones.
“The good thing for Apple is that it has plenty of ecosystem stickiness to contain most of the leakage and satiate this demand in the following quarters,” IDC’s Bryan Ma said. Wedbush’s Ives said Apple stores could see iPhone Pro shortages of up to 35%-45% of typical inventory heading into December. Apple is caught in production hell in Communist China, with waning consumer demand for upgrading iPhones.
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