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Factbox-Apple's iPhone shipments seen sagging under China disruptions

Global Dec 08, 2022 00:16
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© Reuters. FILE PHOTO: The Apple iPhone 14 is seen at the Apple Fifth Avenue store in Manhattan, New York City, U.S., September 16, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) -Apple Inc 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 (NASDAQ:AAPL) 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.

Morgan Stanley (NYSE:MS) Lowers its estimates for iPhone

shipment for Dec-quarter by 3 million

to 75.5 million units.

Factbox-Apple's iPhone shipments seen sagging under China disruptions
 

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