Kuo: iPhone 14 Pro sales hit hard by protests at Foxconn factory

Joe Rossignol

Q4 2022 iPhone 14 Pro and iPhone 14 Pro Max shipments will be “well below” market consensus due to worker protests at Foxconn's main iPhone plant in China, according to analyst Ming-Chi Kuo. .

Kuo said today that iPhone production at the Zhengzhou plant has been “significantly affected” by protests against unfavorable working conditions, causing him to lower his forecast for iPhone shipments for the fourth quarter of 2022. by 20% to 70-75 million units, compared to the market consensus of 80-85 million units.

The plant's average capacity utilization rate in November was only about 20%, and is expected to be only according to the words Kuo, will improve to 30-40% in December. He said Pegatron and Luxshare each received 10% of Foxconn's iPhone 14 Pro and 14 Pro Max orders, but said mass shipments won't start until late December.

Kuo thinks there are production issues . could see iPhone revenue “well below market consensus by 20% to 30% or more” this quarter.

Kuo believes that due to long shipping delays and the recession, much of the demand on the iPhone 14, Pro models this quarter will simply “disappear” rather than being delayed, suggesting that many customers who would buy an iPhone 14 Pro right now won't come back to order the device in January or later when the offer improves .

iPhone 14 Pro models are currently facing a shipping delay at Apple's US online store of at least four weeks as the company struggles to maintain shipments.

Related review: iPhone 14 ProTags: Foxconn, Ming-Chi KuoBuyer's Guide: iPhone 14 Pro (Buy)Related Forum: iPhone[ 7 comments ]

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