Factbox-Apple's iPhone shipments seen sagging under China disruptions
Reuters
Published Nov 30, 2022 10:30AM ET
Updated Dec 01, 2022 06:48AM ET
(Reuters) - Apple Inc (NASDAQ:AAPL) has warned that worker unrest at the world's biggest iPhone factory in China would impact shipments of higher-end models of the device in the holiday quarter.
Some Wall Street analysts have started estimating a hit from disruptions, which have weighed on shares of the world's most valuable company. Here are their predictions:
Estimate
Brokerage
Wedbush Securities Shortages to result in 5% to 10% fewer
units sold in the quarter; Says
shutdowns to cost Apple about $1
billion a week in lost iPhone sales
Susquehanna Sees a 10 million hit to shipments,
with total shipments of 70 million
iPhones
TF International Disruptions to impact iPhone shipments
Securities by about 20% to between 70 million and
75 million units
CFRA Research Sees as much as 5% to 10% downside to
its original iPhone shipment estimate
of 82 million units
KGI Securities Lost iPhone production to be about 10
mln units, or about 12% lower iPhone
shipments compared with a year ago
Evercore ISI Shutdowns to have impact of 5 million
to 8 million units
Piper Sandler Cuts its estimate for iPhone sales to
74 million for the Dec-quarter, as it
sees a hit of 9 million units. Expects
an impact of $8 billion in the quarter.
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Written By: Reuters
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