Apple iPhones in short supply on Black Friday as China's COVID-19 lockdown disrupts manufacturing, report says - Yahoo Finance

• Apple was deed with iPhone shortages connected Black Friday portion customers shopped for deals.

• Analyst sees astir 8 cardinal iPhones sold connected the Black Friday weekend, down from 10 cardinal a twelvemonth ago.

• Supply concatenation issues and lockdowns successful China are apt to blasted for the shortages.

If you're looking for deals this Black Friday connected the latest iPhone models, you whitethorn beryllium retired of luck.

Shoppers crossed the state are reporting shortages of iPhone 14 products, including the iPhone 14 Pro and iPhone 14 Pro Max successful Apple stores, online retailers, and large container electronics stores, according to a study by Reuters. Online hold times for orders of the caller iPhone 14 Pro are present up to 40 days connected Apple's website.

The institution is facing proviso concatenation snafus owed to pandemic-related constituent shortages and COVID-19 lockdowns successful China. Reports of idiosyncratic unrest astatine supplier Foxconn pushed Apple shares down astir 2% this week, portion the tech dense Nasdaq roseate astir 1%. Earlier this month, Apple warned of delays successful shipments pursuing a important accumulation chopped astatine Foxconn's Zhengzhou works owed to China's strict pandemic policies.

"We judge galore Apple Stores present person iPhone 14 Pro shortages based connected model/color/storage of up to 25-30% beneath mean heading into a emblematic December, which is not a bully motion heading into vacation play for Cupertino," Wedbush expert Dan Ives wrote successful a enactment to investors connected Friday.

Ives expects astir 8 cardinal iPhones volition beryllium sold connected the Black Friday weekend, down from 10 cardinal a twelvemonth ago, chiefly owed to these proviso challenges.

An Apple spokesperson did not respond to a petition for remark connected Friday afternoon.

Read the archetypal nonfiction connected Business Insider