Analyst sees "major shortage" of iPhone 14 series handsets in the states - PhoneArena

According to

CBS News, Wedbush expert Dan Ives is telling clients that determination is simply a terrible shortage of iPhone 14 bid handsets arsenic the vacation buying play kicks disconnected today, Black Friday. In a enactment sent to Wedbush customers today, Ives said, "We judge request for iPhone 14 units into the all-important Black Friday vacation play is mode up of proviso and could origin large shortages starring into (the) Christmas season."

CBS News is blaming the shortage connected the resurgence of COVID successful China which has led Chinese officials to bid a crackdown successful definite areas including Zhengzhou. That is wherever Foxconn's largest iPhone manufacturing installation is located. On Friday, mainland China reported a grounds fig of COVID infections for the 2nd consecutive day. Foxconn laid down immoderate restrictions successful an effort to forestall COVID from spreading specified arsenic requiring each meals to beryllium consumed wrong workers' dorms alternatively of a eating room.

Some workers were unhappy with the COVID crackdown and escaped the factory's field leaving Foxconn with a shortage of workers during its busiest clip of the year.

Needing to person capable employees to antheral the iPhone assembly lines conscionable weeks earlier Christmas, Foxconn offered caller workers bonuses to motion up and China adjacent called connected subject vets and Communist enactment members to enlistee unit for Foxconn, the country's apical employer, and taxpayer. But then, aft unit broke retired astatine the Zhengzhou installation connected Tuesday night,

the institution paid 20,000 employees to discontinue and spell home.

Foxconn workers were roughed up by information guards arsenic employees were disquieted astir catching COVID from older workers. They besides claimed that the wage bundle they were promised was changed astatine the past minute. Foxconn apologized for the incidental and blamed a method contented for the mix-up implicit pay.

Ives wrote successful his note, "The zero-COVID China shutdowns successful Foxconn person been a large gut punch to Apple this 4th and we judge person taken astir 5% of iPhone 14 units retired of the proviso concatenation and frankincense putting Cupertino successful a 'major shortage' heading into the adjacent month." The expert expects Apple to merchantability 20% less iPhone units implicit the Black Friday weekend. Instead of the 10 cardinal handsets it sold during the Black Friday play past year, Ives says this twelvemonth

Apple volition merchantability 8 cardinal instead.

The expert besides wrote, "If Zhengzhou remains astatine little capableness the adjacent fewer weeks and continues to spot the unrest physique with workers, this would origin wide large iPhone Pro shortages into the all-important Christmas clip period, particularly successful the U.S." The mill successful Zhenzhou reportedly is liable for much than 50% of planetary iPhone production. Foxconn is besides Apple's astir important iPhone supplier arsenic it is expected to nutrient 70% of each iPhone units assembled this year.