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Severe shortage of iPhone 14 devices: Apple is worried about inventory damage Israel today

2022-11-29T14:57:28.858Z

The protest of the workers of the manufacturing plant located in China, has led to an almost complete stoppage of work for several weeks • Apple is afraid that this will cause a shortage of at least six million iPhones, and a serious damage to profits in the run-up to Christmas



The riots at the central iPhone manufacturing plant in Zhengzhou, China, could lead to a shortage of nearly 6 million iPhone 14 Pro and iPhone 14 Pro Max units this year, according to estimates from a source familiar with the assembly operations.

The Chinese factory had previously been closed for several weeks due to the corona epidemic, after it was discovered that some of the workers were infected.

However, recently, the workers protested due to poor employment conditions and wage withholding. 

Will they meet the demand?

Apple, photo: AFP

According to investment firm Wedbush, many Apple stores now have a 25-30% shortage of the iPhone 14 Pro, compared to a typical December.

"The zero infection policy in China was a complete blow to Apple's supply chain," they added.

Tim Cook at the event unveiling the iPhone, archive, photo: Reuters

For Apple, this is a direct hit to profits in the run-up to Christmas.

Also, since the beginning of the year, the company's stock has fallen by about 17%.

For now, there is no fear of a shortage of iPhone 14 in Israel, although delays in delivery can certainly occur.

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Source: israelhayom

All tech articles on 2022-11-29

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