133 – iPhone 14 Production To Fall 16 Million Short Of Expectations: Report

 

China’s zero Covid restrictions are set to make Apple iPhone production cost a lot 16 million fewer than expected this year, media reported, following weak demand for iPhone models.

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According to a Bloomberg report, UBS analysts have lowered their forecast for total iPhone 14 production to 76 million from 92 million in the second half of 2022 (H2). This is down 20% from last year. Analysts said the manufacturing disruption facing iPhone contract manufacturer Foxconn, also known as Hon Hai Precision Industry Co., and weakening demand for his iPhone 14 model at the low end. We believe both are responsible for the drop in expectations.

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According to a Bloomberg report, UBS analysts led by Grace Chen said in a report on Dec. It’s important,” he added.

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“The speed with which Apple and Hon Hai can solve the challenges in Zhengzhou will be key to volume in the fourth quarter of 2022 and the first quarter of 2023.”

This comes less than a week after reports that Apple will lose production of up to 6 million iPhone Pro models due to ongoing disruptions at Foxconn’s largest iPhone manufacturing plant in China’s Zhengzhou district. The Zhengzhou Foxconn campus, which typically houses more than 200,000 employees and is where the majority of iPhone Pro models are assembled, has been hit by protests following strict Covid-19 restrictions.

It should be noted that the iPhone 14 Pro and iPhone 14 Pro Max are the most in-demand handsets this year, offsetting weak sales of the regular iPhone 14 edition. Foxconn’s situation is another reminder of the dangers of Apple’s reliance on giant manufacturing machines centered in China in an era of unpredictable policies and uncertain trade relations.