Planning to buy Apple’s shiny new iPhone 14 as Black Friday kicks off the holiday shopping season? good luck. According to Wedbush analyst Dan Ives, the device is in extremely short supply both online and at the company’s retail outlets.
“We believe that demand for iPhone 14 units in the Black Friday holiday weekend far outstrips supply and could lead to large shortages in the Christmas season,” he said in a report on Friday.
Impute. Oh FoxConn, the electronics maker that assembles iPhones for Apple in China, has slowed production. China’s “zero-COVID” policy isn’t helping either. Officials on Friday reported a record high number of COVID-19 cases in mainland China for the second day in a row. The growing caseload has prompted new and expanding residential lockdowns, as well as business closures in several major cities.
“The zero-Covid China shutdown at Foxconn has been a major gut-punch for Apple this quarter and we believe around 5% of iPhone 14 units have fallen out of the supply chain, putting Cupertino in a ‘major shortage’.” has been put in. month,” Ives said.
He expects Apple to sell about 8 million iPhones over the Black Friday weekend, down from 10 million a year ago.
Labor’s fight at FoxConn this week is creating another headache for Apple. A dispute broke out over pay and working conditions at the company’s factory in Zhengzhou, central China.. It was a Taiwanese company. After the police harassed the workers on Thursday, the pay dispute was blamed on a “technical glitch” in the induction of new employees.
Ives said, “If Zhengzhou remains at low capacity over the next few weeks and continues to see labor unrest, this will lead to a significant shortage of iPhone Pros, especially in the US, at the crucial Christmas time. ”
The Associated Press contributed to this report.