Protests, clashes erupt at Apple's (AAPL) biggest iPhone factory in China
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Apple (AAPL) facing major iPhone shortages across the board
November 25, 2022 11:24 AM ESTWedbush analyst Daniel Ives said in a note that Black Friday store checks show "major iPhone shortages across the board."
Ives, who has an Outperform rating and a $200 per share price target on Apple (NASDAQ: AAPL), said iPhone "shortages are accelerating" and were front and center across many retailers, Apple Stores, and online channels this morning.
"Based on our analysis, we believe iPhone 14 Pro shortages... More
IPhone Pro models scarce in stores this holiday - Best Buy
November 22, 2022 10:47 AM ESTBy Uday Sampath Kumar and Hilary Russ
(Reuters) -High-end iPhones will be in short supply at stores this holiday season, Best Buy Co Inc said on Tuesday, following a warning from Apple Inc this month that China's zero-COVID policy was squeezing production at a key factory.
The supply issues are expected to significantly hurt the premium iPhone 14 Pro and iPhone 14 Pro Max models, which start at nearly $1,000.
"One of the places where we're seeing a bit of (inventory) pressure is in those higher-end iconic iPhone devices," Best Buy boss Corie Barry said on a media call.
... More