Report: Apple could run out of 6 million iPhone Pros in the holiday season

Apple shares dropped Monday morning after a new report showed that iPhone Pro production for the holiday season could have fallen by as much as 6,000,000 units.

Bloomberg reported that Zhengzhou, the key manufacturing center for Apple in China would be impacted by turmoil and could result in a shortage of Apple’s signature smartphone. The source was unnamed. The reporting confirmed previous estimates Wedbush and Morgan Stanley both reported that iPhone maker Apple was not meeting its production targets for this holiday season. 

Wedbush analysts reported Monday that there are major shortages of iPhone 14 Pros in Apple stores. These numbers can reach as high as 35%-40% for the typical inventory going into December. In many cases, online channels are pushing deliveries into January. They estimate that iPhone sales could be affected by shortages of inventory, which could lead to a reduction in iPhone sales of between 5% and 10%.

Apple didn’t respond to a request to comment. Apple shares fell 4.34 points, or 2.9% to $143.78 during afternoon trading.

Warum are there production problems? The problem is in the production. COVID-19It is a. China’s economy is booming FoxConn is slowing down work, which is the electronics manufacturer that produces iPhones for Apple. Residents protest the government’s “zero-COVID” policy. Protests spread to major cities and have even led to calls for President Xi Jinping. step down.

Wedbush analysts stated that Apple was essentially caught in the crossfire as protests erupt in China and the China ‘head scratching” zero-COVID policy is now at a tipping point. 

After weeks of worker unrest at FoxConn, the nationwide protests follow. A dispute over the company’s pay at Zhengzou, central China’s factory, led to employee protests. Demonstrators were beat. Bloomberg reported that workers have been irritated by quarantine practices because of strict COVID policies.

The Taiwanese company was Forcibly to apologize Thursday’s pay dispute was attributed to a “technical mistake” in the addition of new employees following an October exodus that saw thousands of employees leave for unsafe working conditions.

Wedbush indicated that Apple could increase its production in the next few weeks to try and make up the shortfall.

Analysts said that now it was a painful wait game to see what Apple’s ramped-up production will look like over the next week to reduce some iPhone shortages worldwide.