The Clap
Apple (NASDAQ: AAPL) is beginning to see shipping times in the US for the iPhone 14 Pro and 14 Pro Max surpass Christmas due to long wait times.
What
The delay may hurt Apple’s Q4 earnings, as the wait times are hitting extreme levels.
The delays come after Apple warned that the COVID restrictions at their plant in China have significantly reduced production capacity.
So What
The company is estimated to lose around $1 billion in revenues for every week that the factory is locked down due to restrictions, a significant impact on the company’s financial performance.
Now What
The iPhone 14 and 14 Plus, on the other hand, do not have the same wait times, which could push some consumers to trade down from the Pro model.
