Apple shipments dropped due to COVID in China
2022.12.07 08:31
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Apple shipments dropped due to COVID in China
Budrigannews.com – Apple Inc. has warned that shipments of higher-end iPhone models in the holiday quarter could be affected by worker unrest at China’s largest iPhone factory.
Shares of the world’s most valuable company have been negatively impacted as a result of disruptions, which have been estimated by some Wall Street analysts. Their predictions are as follows:
Wedbush Securities Shortages to result in 5% to 10% fewer
units sold in the quarter; Says
shutdowns to cost Apple (NASDAQ:) about $1
billion a week in lost iPhone sales
Susquehanna Sees a 10 million hit to shipments,
with total shipments of 70 million
iPhones
TF International Disruptions to impact iPhone shipments
Securities by about 20% to between 70 million and
75 million units
CFRA Research Sees as much as 5% to 10% downside to
its original iPhone shipment estimate
of 82 million units
KGI Securities Lost iPhone production to be about 10
mln units, or about 12% lower iPhone
shipments compared with a year ago
Evercore ISI Shutdowns to have impact of 5 million
to 8 million units
Piper Sandler Cuts its estimate for iPhone sales to
74 million for the Dec-quarter, as it
sees a hit of 9 million units. Expects
an impact of $8 billion in the quarter.
Morgan Stanley (NYSE:) Lowers its estimates for iPhone
shipment for Dec-quarter by 3 million
to 75.5 million units.
