(Reuters) -Apple Inc warned in November that worker unrest at the world’s biggest iPhone factory in China would impact shipments of higher-end models of the device in the holiday quarter.
Some Wall Street analysts have started estimating a hit from the disruptions, which have weighed on shares of the world’s most valuable company. Here are their predictions:
Brokerage Estimate
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
Piper Sandler Cuts its estimate for iPhone sales to
74 million for the Dec-quarter, as it
sees a hit of 9 million units. Expects
an impact of $8 billion in the quarter.
Morgan Stanley Lowers its estimates for iPhone
shipment for Dec-quarter by 3 million
to 75.5 million units.
J.P.Morgan Lowers its estimate for iPhone volume
in the Dec-quarter by 4 million to
about 70 million units.
However, raised its March-quarter
forecast for shipments to about 63
million units from prior estimate of
about 61 million.
(Compiled by Akash Sriram, Vansh Agarwal and Chavi Mehta in Bengaluru; Edited by Anil D’Silva, Vinay Dwivedi and Shounak Dasgupta)