A display of iPhone 14 smartphones at the Apple Inc Regent Street store in London, UK, on Nov 7, 2022. Customers in the US who placed an order on Nov 22 would get an iPhone 14 Pro delivered in New York on Dec 30, after Christmas, according to Apple’s website.— Bloomberg新2查账（www.hg108.vip）提供新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,皇冠新2网址,新2管理网址,新2网址大全,hg0088.com,hga038.com,同时开放新2信用平台查账功能.
Wait times for Apple Inc’s most expensive smartphones are rising to what analysts say are record levels as the holiday shopping season kicks off, threatening to curb sales at the company’s busiest time of year and derail a rally in the stock.
Customers in the US who placed an order on Nov 22 would get an iPhone 14 Pro delivered in New York on Dec 30, after Christmas, according to Apple’s website. The wait was about 34 days as of last week, near the highest ever, according to UBS Group AG.
The delays, resulting from Covid lockdowns around a Chinese plant run by a contract manufacturer of iPhones, could cause analysts to trim their earnings estimates for this quarter, which accounts for 35% to 40% of iPhone unit sales. That in turn could further pressure Apple’s stock price, which has been a relative haven in this year’s tech meltdown.
“This could cause some further headwinds for Apple,” said Matt Maley, chief market strategist at Miller Tabak + Co. Consumers’ finances are stretched because of rising food and energy prices, which “will almost certainly cause the consumer to pull in their horns after the holidays. If that is the case, it’s going to be tough for Apple to make up any lost holiday sales next year.”
An Apple spokesman said he didn’t have any immediate comment on the wait times.,
If wait times don’t improve over the coming weeks, unit sales could miss estimates, resulting in iPhone revenue coming in flat year-over-year instead of rising by about 2% as expected by analysts, according to UBS’s David Vogt.
Jefferies analyst Kyle McNealy assumes about three weeks of disruptions and estimates that each week of lockdown will cut US$1bil (RM4.57bil) from revenue and 1 cent from earnings per share. Evercore ISI’s Amit Daryanani estimates that this could push out about US$3bil (RM13.59bil) of iPhone revenue into the March quarter.
For bulls, that might be the best-case outcome. “We don’t believe those will be necessarily lost orders,” said Mark Stoeckle, Adams Funds’ chief executive officer. “We think they’ll be delayed orders.”
The disruptions forced Apple to provide a rare update only 10 days after the Cupertino, California-based company reported its fiscal fourth quarter earnings at the end of October. It said shipments of the new premium iPhones will be lower than expected because of the lockdowns.
The timing couldn’t have been worse for Apple.
The stock has jumped 9.7% since a Nov 10 report showed US consumer inflation was cooling a bit. That triggered a rally across tech stocks as investors took the view that the Federal Reserve might be able to soon slow its pace of interest rate increases. Apple, which had already impressed Wall Street with its earnings, added US$191bil (RM865.80bil) to its market value in a single session, the most ever by a US company.,
usdt收款平台声明:该文看法仅代表作者自己，与本平台无关。转载请注明：新2查账（www.hg108.vip）:iPhone delays weigh on Apple ahead of holiday season新2网址大全（www.hg108.vip）实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。