Apple Cuts Outlook for iPhone Shipments on China Lockdowns
- IPhone Pro demand is strong but customers have to wait longer
- Supplier Hon Hai lowers 4Q outlook, also citing lockdown
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Apple Inc. said shipments of its newest premium iPhones will be lower than previously expected after China lockdowns affected operations at a supplier’s factory.
The company continues to see strong demand for the iPhone 14 Pro and iPhone 14 Pro Max models but the lockdowns mean “customers will experience longer wait times to receive their new products,” Apple said in a statement Sunday. Deliveries of iPhone 14 Pro handsets are currently listed for late November or early December, according to Apple’s website.