Shares of Apple (AAPL.O) fell 1.4% on Monday as growing unrest at the China-based Foxconn factory fueled fears that it would further damage limited production of expensive iPhone 14 models.6 million iPhone 14 Pro models will be produced incomplete
Reuters reported on Friday that the Foxconn factory, the world’s largest iPhone maker, could face further declines in shipments in November amid worker unrest and a rise in COVID-19 cases in the country. Another reliable news source, Bloomberg, citing a source earlier in the day, announced that there will be a shortage of 6 million iPhone Pro units this year due to production problems.
On the subject, JP Morgan analysts predict: “Continuing problems with delays in returning to normal production levels at the Zhengzhou plant may limit the speed at which the balance of supply and demand can be achieved in the coming months.”On the other hand, it was stated that while the waiting time for the iPhone 14 Pro and Pro Max models to reach their homes for customers in the United States decreased to approximately 33 days, the same models could not be delivered from the store.
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