Apple (AAPL) could sell 2 million fewer iPhone 14 units for Black Friday, warns analyst
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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
Apple (AAPL) could see a $6B hole in FQ1 iPhone revenue due to Foxconn troubles - analyst
November 25, 2022 5:21 AM ESTApple's (NASDAQ: AAPL) biggest supplier Foxconn could reduce iPhone output by at least 30% at its key factory in China as worker unrest continues, according to Reuters.
A source familiar with the situation at Foxconn told Reuters that it is impossible for the electronics contract manufacturer to resume full production by the end of the month. As a result, Foxconn has been forced to make an upward revision of its internal forecast for production impact.
The report came after Apple said it is working with Foxconn to resolve worker issues at the... More
