Apple iPhone 14 Pro Supply Woes Continue; Kuo Predicts Demand to ‘Disappear’

Edited By: Shaurya Sharma

Final Up to date: December 03, 2022, 11:27 IST

iPhone shipments for the fourth quarter of 2022 have been lower by 20%

With the lackluster provide, clients anticipating to purchase an iPhone 14 Professional mannequin in line for the Vacation season is likely to be dissatisfied.

Apple’s newest and best iPhone 14 Professional fashions are in nice demand all around the world, however the demand-to-supply ratio hasn’t been the perfect this time spherical, with Apple reportedly lacking the vacation quarter cargo goal by an estimated 15-20 million models. As a part of this ordeal, the favored analyst Ming-Chi Kuo has predicted that iPhone 14 Professional demand is predicted to ‘disappear.’

As per a Medium publish by Kuo, iPhone shipments for the fourth quarter of 2022 have been lower by 20%, and Apple will be capable of ship round 70–75 million models vs the the market consensus of 80–85 million models.

Apple’s provide chain has been largely affected because of the ongoing Zhengzhou iPhone plant labor protests, and COVID-19 restrictions in China.

Kuo has predicted that “a lot of the demand for the 4Q22 iPhone 14 Professional sequence amid the financial recession will disappear because of the vital provide and demand hole quite than deferred.”

He added, “Because of the excessive value of the iPhone 14 Professional sequence, Apple’s iPhone income in 4Q22 could also be considerably decrease than the market consensus by 20–30% or extra.”

The ‘common capability utilization price’ of Zhengzhou iPhone plant might solely attain 20% in November, nevertheless it’s anticipated to get higher in December to round 30–40%.

With the lackluster provide, clients anticipating to purchase an iPhone 14 Professional mannequin in line for the Vacation season is likely to be dissatisfied. A report by 9to5Mac claims that some iPhone fashions are ‘already back-ordered into January of 2023.’

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