iPhone Pro shipments may fall 20 mln units short of estimates
Apple Inc's iPhone 14 Pro and Pro Max model shipments could miss market expectations by up to 20 million units in the holiday quarter due to labor unrest at a major Chinese factory, TF Securities analyst Ming-Chi Kuo said. Kuo is the latest to flag a hit to the world's most valuable company from protests over pay and strict Covid19 curbs at the world's biggest iPhone factory, the Foxconn-operated plant in the central city of Zhengzhou. He trimmed his estimate for quarterly iPhone shipments by about 20% to between 70 million and 75 million units , compared with the market consensus of 80 million to 85 million units . Apple shares were trading down more than 2%, set to add to the 6% decline so far this month as worries grow over shipments in the all-important holiday sales season. Kuo, in a blog post on Tuesday, also predicted that the supply shortfall could erase demand for the more popular Pro models, instead of deferrin...