Despite the fact that this would be a severe blow to the end of the year at Apple, the reduction in production is still part of the most pessimistic expectations of analysts. At the beginning of November, Morgan Stanley experts estimated that this year the deficit would be about 6 million units this year, but the calculation was made before the protests.
However, the same source that highlighted production problems for Apple mentioned that the company hopes to make up for lost devices throughout 2023. “It shows that everyone, including Apple, is susceptible to supply chain restrictions in China. due to covid,” said Insights & Strategy analyst Anshel Sag de Moor.
On the other hand, several other experts have highlighted that these protests in China will force the company to accelerate the diversification of its production base to other territories such as India or Vietnam.
After this latest report was released, the company’s shares fell 1.87% in premarket trading on Monday morning, due to delays in shipments of the most expensive iPhones.