Time: iPhone buyers face record delay in smartphone shipments
New Apple smartphones are in short supply due to production problems. It is reported by Time magazine.
The journalists of the publication found out that buyers will not be able to receive their Apple smartphone within one or two weeks if they order the product before the end of November. So, when ordering the iPhone 14 Pro on the company’s website, the manufacturer promises to deliver the device as early as 2023. According to experts, the record delay is due to problems in production.
The material states that Apple has suffered due to the quarantine imposed in China – regional restrictions have affected the release of new smartphones. Delayed consumers will either have to wait at least 30 days for their order or cancel the purchase. Experts interviewed by the publication said that due to problems, financial analysts may lower their forecast for Apple shares.
“It will be difficult for the company to make up for lost holiday sales next year,” said market strategist Miller Tabak + Co. Matt Mayley. According to Jefferies analyst Kyle McNeely, each week of quarantine will reduce Apple’s revenue by about a billion dollars. The journalists contacted the company for comment, but did not receive a prompt response.
At the end of October, Apple CEO Tim Cook said that shipments of the brand’s new smartphones would have been higher if not for production problems. “Obviously we are chasing supply and trying to get as many offers as possible to meet demand,” Cook said.