Apple is expected to ship up to 20 million fewer iPhone 14 Pro models than it was first expected, said reliable Apple analyst Ming-Chi Kuo.
After COVID-19 lockdowns and labor protests at the largest iPhone factory in Zhengzhou, China, Apple is expected to ship up to 20 million fewer iPhone 14 Pro models than it was first expected, said reliable Apple analyst Ming-Chi Kuo in his latest predictions on the supply chain., Kuo believes the production of the Zhengzhou iPhone plant was significantly affected by laborers’ protests.
With that, Pegatron and Luxshare ICT have obtained about 10% of the iPhone 14 Pro and iPhone 14 Pro Max orders from Foxconn, respectively, but mass shipments will not be until late December at the earliest, said the analyst. In addition, neither manufacturer can produce as many iPhone models as Foxconn.
“Due to the high price of the iPhone 14 Pro series, Apple’s iPhone revenue in 4Q22 may be significantly lower than the market consensus by 20–30% or more. In addition to facing the challenge of lower-than-expected iPhone shipments/revenue in 4Q22, it will also be difficult for Hon Hai to continue to be the exclusive assembler of the iPhone 15 Pro series because Apple wants to diversify supply risks.
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