Apple's iPhone Pro shipments may fall 20 million units short of estimates – analyst - WKZO

By Akash Sriram

(Reuters) – Apple Inc’s iPhone 14 Pro and Pro Max exemplary shipments could miss marketplace expectations by up to 20 cardinal units successful the vacation 4th owed to labour unrest astatine a large Chinese factory, TF Securities expert Ming-Chi Kuo said.

Kuo is the latest to emblem a deed to the world’s astir invaluable institution from protests implicit wage and strict COVID-19 curbs astatine the world’s biggest iPhone factory, the Foxconn-operated works successful the cardinal metropolis of Zhengzhou.

He trimmed his estimation for quarterly iPhone shipments by astir 20% to betwixt 70 cardinal and 75 cardinal units, compared with the marketplace statement of 80 cardinal to 85 cardinal units.

Apple shares were trading down much than 2%, acceptable to adhd to the 6% diminution truthful acold this period arsenic worries turn implicit shipments successful the all-important vacation income season.

Kuo, successful a blog station connected Tuesday, besides predicted that the proviso shortfall could erase request for the much fashionable Pro models, alternatively of deferring sales, arsenic consumers besides grapple with a weakening economy.

In contrast, different Apple analysts expect income to prime up erstwhile accumulation constraints easiness and much Pro models go available.

“We enactment that Pro devices are sold retired into aboriginal January, but we expect immoderate of the missed gross to trickle successful the March-quarter,” CFRA Research expert Angelo Zino said connected Monday.

The constraints are coming astatine the worst imaginable clip and are the astir terrible since the aboriginal days of the pandemic, Zino said.

Some analysts signaled the anticipation of the challenges extending into 2023.

“I can’t ideate 2023 volition beryllium a coagulated twelvemonth for Apple iPhones,” said Zeno Mercer, probe expert astatine concern advisory steadfast ROBO Global.

“Those looking to marque an upgrade have, and different disposable income for next-gen phones should beryllium down.”

(Reporting by Akash Sriram successful Bengaluru; Editing by Sriraj Kalluvila)