chinacat
Moderator
AAPL Long since 2006
Posts: 4,427
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Post by chinacat on Nov 5, 2022 4:29:42 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,427
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Post by chinacat on Nov 5, 2022 8:51:31 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Nov 6, 2022 15:24:43 GMT -8
www.apple.com/newsroom/2022/11/update-on-supply-of-iphone-14-pro-and-iphone-14-pro-max/PRESS RELEASE November 6, 2022 Update on Supply of iPhone 14 Pro and iPhone 14 Pro Max CUPERTINO, CALIFORNIA NOVEMBER 6, 2022 COVID-19 restrictions have temporarily impacted the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility located in Zhengzhou, China. The facility is currently operating at significantly reduced capacity. As we have done throughout the COVID-19 pandemic, we are prioritizing the health and safety of the workers in our supply chain. We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products. We are working closely with our supplier to return to normal production levels while ensuring the health and safety of every worker.
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ono
Member
compensation
Posts: 537
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Post by ono on Nov 6, 2022 15:35:35 GMT -8
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Post by archibaldtuttle on Nov 6, 2022 15:47:26 GMT -8
I guess the FUD selling of AAPL on Thursday and Friday was rational for once.
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ono
Member
compensation
Posts: 537
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Post by ono on Nov 6, 2022 15:53:35 GMT -8
Apple said in a statement on Sunday that it has temporarily reduced iPhone 14 production because of Covid-19 restrictions at its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China. The factory, operated by Foxconn, is operating at “significantly reduced capacity,” Apple said. It warned that it would ship fewer units and that customers would experience longer wait times when ordering devices. Apple’s warning brings up the possibility that it may sell fewer iPhones in the December quarter because it is having trouble making enough to meet demand. It previously signaled slowing growth in the December quarter last month. It said that it continues to see strong demand for the affected models, which are higher-priced than other iPhone models and start at $999 and $1099. In the past week, China has ordered lockdowns in Zhengzhou, where Apple does the majority of its iPhone production. The factory in China has grappled with employees fleeing the facility because of its Covid policies and outbreaks, according to Reuters. China continues to pursue a “zero-Covid” policy that requires facilities like the iPhone facility in Zhengzhou to operate as “closed loops,” where workers isolate in dorms and work in factories separated from the outside world. It currently takes 31 days to receive an iPhone 14 Pro if ordered from Apple’s website, longer than the average 2-day lead time for less-expensive iPhone models, JPMorgan analyst Samik Chatterjee said in a note on Sunday. www.cnbc.com/2022/11/06/apple-warns-covid-restrictions-in-china-are-hurting-iphone-production-.html
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ono
Member
compensation
Posts: 537
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Post by ono on Nov 6, 2022 15:55:41 GMT -8
Another speed bump. (Reminding myself to imagine looking back, two years from now.)
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mark
fire starter
Posts: 1,552
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Post by mark on Nov 6, 2022 19:23:12 GMT -8
I just checked some pro models. Many delivery dates at Dec 8 - 14. If they can't solve this problem in the next 2 weeks, there will almost surely be many purchases pushed from FYQ1 into FYQ2.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Nov 7, 2022 2:21:29 GMT -8
China: The grinch that stole Christmas.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Nov 7, 2022 19:06:35 GMT -8
China: The grinch that stole Christmas. They quit stealing Christmas from us a couple of years ago Dave, they don't have to anymore.
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