Taiwanese media “If only 3 Foxconn workers leave, iPhone production will decrease by 30%”

Apple daily stock price trend on the 25th – Captured from Yahoo Finance

Local media reported that iPhone shipments could decrease further as workers leave the factory in Zhengzhou, China, of Taiwanese Foxconn, which exclusively produces iPhones for Apple.

◇ 30,000 employees quit : Taiwan’s Central News Agency reported on the 26th, citing a company source, that “Foxconn’s iPhone shipments this month may decline by up to 30% more than the company originally predicted.”

The Central News Agency also reported that 30,000 employees recently left Foxconn due to the New Company dispute. That’s more than Reuters estimates of 20,000.

As a result, disruptions in iPhone production will be inevitable, the Korean Central News Agency said, and that iPhone shipments will decrease by more than 30% than originally expected.

For this reason, iPhone shortages are already occurring ahead of the Christmas season, the peak season.

◇ US consumers can’t get iPhone 14 even on Black Friday Reuters reported the day before that many shoppers looking for Apple’s newest phones returned empty-handed from Apple stores on Black Friday (the Friday after Thanksgiving, the biggest sale of the year).

An Apple store employee at a Bethesda shopping mall said, “The iPhone 14 series is almost out of stock.” Another employee at a store in Raleigh, North Carolina, also said, “The iPhone 14 Plus is completely sold out.”

Accordingly, consumers are ordering the iPhone 14 online. However, even if you order online, you will receive it after a month.

An iPhone store employee said, “For online shopping, the waiting time for the iPhone 14 Pro is up to 40 days, and as the iPhone 14 series is sold out at Apple stores, more consumers are ordering iPhones online, which will increase the waiting time.” said.

◇ Morgan Stanley “IPhone 14 may no longer be shipped this year” : Morgan Stanley, a famous investment bank on Wall Street, warned that “the iPhone 14 may no longer be shipped this year.”

Morgan Stanley issued a report on the 24th and predicted this, saying, “The Foxconn factory in Zhengzhou, China, the world’s iPhone manufacturing hub (center), is experiencing extreme labor-management conflict.”

Morgan Stanley said, “The Zhengzhou Foxconn factory produces more than 70% of the world’s iPhones, and in particular, in the case of the latest iPhone, the iPhone 14, it is responsible for more than 80%. It will take time,” he explained.

◇ Apple shares fell 2% : This kind of news is also affecting Apple’s stock price.

On the 25th, Apple’s share price in the US stock market fell 1.96% from the previous trading day to $148.11.

Experts are unanimous in their opinion that if the disruption in iPhone supply and demand is prolonged, Apple’s stock price will fall further.

(Seoul = News 1)


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