Buyers across the country are reporting shortages of iPhone 14 products, including the iPhone 14 Pro and iPhone 14 Pro Max, at Apple Stores, online retailers and major electronics stores. The wait time for online orders for the new iPhone 14 Pro is now up to 40 days on Apple’s website.
The company is facing problems in its supply chain due to pandemic-related parts shortages and his COVID-19 lockdown in China. Reports of labor unrest at his supplier Foxconn sent Apple’s stock down about 2% this week, while his tech-heavy Nasdaq rose almost 1%.
Earlier this month, Apple warned that shipments would be delayed after China’s draconian pandemic policies led to significant production cuts at Foxconn’s Zhengzhou factory. “Currently, we believe the iPhone 14 Pro shortages in many Apple stores are up to 25-30% less than normal for December based on model/color/storage.
This is due to Cupertino Wedbush. It doesn’t bode well for the holiday season, according to analyst Dan Ives in a note to investors on Friday.
Ives expects about 8 million iPhones to be sold over the Black Friday weekend, largely due to these supply issues.