The situation has been going on for several weeks, one of major iPhone factories in China it is subject to Covid-19 restrictions then now a worker protests which affects production.
iPhone production would not improve
Results, iPhone shipments in the last quarter of 2022 are expected to be about 20% lower. market expectations, according to analyst Ming-Chi Kuo. Apple should thus produce between 70 and 75 million iPhone 14 against an initial estimate of 80-85 million.
Knowing that this factory produces about 85% of the iPhone 14 Pro and Pro Maxthis decline will have an impact on the most profitable models for the American company, Ming-Chi Kuo specifies in this regard that “theApple’s 4Q22 iPhone revenue could fall significantly short of industry expectations by 20-30%The latter adds in passing that there will be no postponement of sales, they will be permanently lost due to the economic downturn.
This tension on the supply chain is reflected in the financial markets with an action Apple down for the fourth consecutive session (-2.1%).
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