© 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 (NASDAQ:) has warned that worker unrest at the world’s biggest iPhone factory in China will impact shipments of higher-end models of the device in the lucrative holiday quarter.
Some Wall Street analysts have started estimating the hit from the 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
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