Apple launched the latest iPhone 14 and iPhone 14 Pro series of flagship smartphones a couple of months back. For the first time, the devices come with a significant difference between both lineups.
The Apple iPhone 14 Pro series has good demand in the market compared to the standard iPhone 14 lineup but it appears that the company will soon be facing shipment issues for the popular iPhone models because of its contract manufacturer Foxconn.
According to a new report by analyst Ming-Chi Kuo, shipments of Apple iPhone 14 Pro and iPhone 14 Pro Max models in the fourth quarter of this year will be significantly lower than the market consensus due to protests at Foxconn’s main factory in China.
The Foxconn factory in Zhengzhou, China, has been significantly affected by the protests by the workers over unfavorable working conditions, which he believes will adversely impact the Q4 2022 shipments forecast by around 20 percent or about 70-75 million units.
He adds that the average capacity utilization rate at the factory in the month of November was only 20 percent, but that is expected to increase to about 30 percent to 40 percent in December. He believes that the production issues could result in iPhone revenue being “significantly lower than the market consensus by 20–30% or more” this quarter.
Ming-Chi Kuo further notes that Pegatron and Luxshare, two other contract manufacturers for Apple, have each received about 10 percent of iPhone 14 Pro and Pro Max orders from Foxconn. However, those orders aren’t expected to start shipping until late December or early January of the next year.
Currently, the delay time for the Apple iPhone 14 Pro models is at least four weeks when the device is ordered through the company’s official online store in the United States as the Cupertino-based tech giant is struggling to maintain supply.
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