Apple: COVID Has Slowed iPhone 14 Shipments - PYMNTS.com

1 year ago 27

One week aft reports that China’s COVID outbreak was hampering accumulation connected Apple’s iPhone 14, the institution made it official.

“We proceed to spot beardown request for iPhone 14 Pro and iPhone 14 Pro Max models,” Apple said successful an update Sunday (Nov. 6) connected accumulation cutbacks astatine its Zhengzhou, China facility.

“However, we present expect little iPhone 14 Pro and iPhone 14 Pro Max shipments than we antecedently anticipated and customers volition acquisition longer hold times to person their caller products. We are moving intimately with our supplier to instrumentality to mean accumulation levels portion ensuring the wellness and information of each worker.”

Last week, Foxconn, Apple’s main iPhone assembler, announced it was shifting operations to different parts of China to woody with a increasing COVID outbreak.

“With the existent pandemic concern it is simply a protracted warfare to bash a bully occupation keeping much than 200,000 employees safe,” the institution said successful a banal speech filing.

A root told Reuters astatine the clip that the determination could origin iPhone accumulation to driblet by 30% successful November, portion different reports estimated that the outbreak impacted much than 10% of worldwide iPhone accumulation capacity.

PYMNTS noted past period that Apple saw $42.6 cardinal successful iPhone income successful its latest quarter, a 9.7% summation portion facing proviso constraints with its costlier iPhone Pro and Pro Max offerings.

Read more: Apple’s Services Growth Dips to 5% arsenic Ads and Games Slow

Apple earlier this twelvemonth was reportedly looking to determination immoderate of its iPhone 14 accumulation to India with the purpose of shrinking the accumulation time for caller phones from 9 months down to six.

The Silicon Valley tech elephantine has relied connected China to manufacture its smartphones since they debuted 15 years agone but has begun looking for alternatives due to the fact that of Chinese President Xi Jinping’s cognition toward U.S. businesses.

And portion the popularity of the iPhone had dipped somewhat successful China, Apple has a ripe user basal acknowledgment to India’s 1.4 cardinal people. Meanwhile, Indian Prime Minister Narendra Damodardas Modi has offered fiscal incentives for tech accumulation arsenic portion of his country’s Make successful India program.

Sign up for our regular newsletter.

We’re ever connected the lookout for opportunities to spouse with innovators and disruptors.

Learn More

https://www.pymnts.com/apple/2022/apple-loses-online-retail-vp-and-cio/partial/

Read Entire Article