Apple iPhones were in short supply on Black Friday as China's COVID-19 lockdown disrupted production, the report said.

[ad_1]

Apple faced iPhone shortages on Black Friday while customers were shopping.
Analysts estimate that about 8 million iPhones were sold over the Black Friday weekend, down from 10 million a year ago.

If you’re looking for these Black Friday deals on the latest iPhone models, you might be out of luck.

Apple stores; Shoppers across the country are reporting shortages of iPhone 14 products, including the iPhone 14 Pro and iPhone 14 Pro Max at online retailers and big-box electronics stores, according to a Reuters report. The online waiting time for orders of the new iPhone 14 Pro is now up to 40 days on Apple’s website.

The company is facing supply chain disruption due to pandemic-related parts shortages and COVID-19 lockdowns in China. Reports of labor unrest at supplier Foxconn sent Apple shares down about 2% this week, while the tech-heavy Nasdaq rose nearly 1%. Apple earlier this month warned of delayed shipments after China’s strict epidemic policies cut production at Foxconn’s Zhengzhou factory.

“Currently, iPhone 14 Pro shortages based on model/color/stock at multiple Apple Stores are down to 25-30% from December normal, which we believe is not a sign that the holiday season is approaching for Cupertino,” Wedbush observed. Dan Ives wrote in a note to investors on Friday.

Ives expects roughly 8 million iPhones to be sold over the Black Friday weekend, down from 10 million a year ago, mainly because of those supply challenges.

An Apple spokesperson did not respond to a request for comment Friday afternoon.

[ad_2]

Source link