Apple Analysts Keep Cutting iPhone Shipment Estimates - Barron's

Analysts proceed to ratchet down their expectations for Apple net and iPhone 14 Pro and Pro Max shipments, arsenic the tech elephantine grapples with the caller Covid-related slowdown astatine Hon Hai’s assembly works successful Zhengzhou, China.

Apple (ticker: AAPL) announced earlier this month that the Zhengzhou installation is operating astatine “significantly reduced capacity,” and said that portion request for the 2 high-end versions of the company’s existent procreation of smartphones remains strong, shipments volition beryllium little than antecedently anticipated for immoderate unspecified play of time. The antithetic quality of the statement—Apple seldom comments connected its accumulation plans—combined with the deficiency of item has spurred the Street to slash shipment and net estimates for some the December 4th and for the September 2023 fiscal year.