Apple will reportedly cut down production of the iPhone 14 series by approximately 10 million units: Here’s what we know so far
The brand Apple is a tech giant in the global smartphone market. In recent reports, we have received rumors that the brand will cut down its production of the latest iPhone 14 series by 10 to 15 million units. The iPhone 14 series includes the iPhone 14 Pro, iPhone 14 Pro Max and more. Why is this happening? There is a huge unrest at Apple’s factories in China. The production shortfall might happen due to the labor protest at Foxconn’s factory at China.
As per Counterpoint Research, the customers who had ordered the Apple iPhone 14 Pro and Apple iPhone 14 Pro Max might have to face a delivery waiting time up to 37 days or more. This is quite a long period as compared to Apple’s fast deliveries in normal situations.
The Zhengzhou iPhone plant has been largely affected by the labor protests. The situation might worsen or improve depending on what happens next. Earlier, the brand Apple was able to recover its entire production due to China’s ongoing zero COVID policy. It has increased significant downside risk. The economic recession is also slowing down the production of the iPhone 14 series. Apple is worried about its production, losses and more.
This is expected to impact the brand Apple heavily. The production is now scarce. What will happen next will be awaited. Hopefully, the brand Apple will bounce back soon and find themselves in a better position.
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