Due to iPhone production shortages at Foxconn's Zhangzhou factory in China, U.S. and Chinese consumers are waiting longer to receive their orders.
are waiting an average of 34 days to receive their brand-spanking-new handsets. In China, the wait time has risen by 10 days over the last week to 36 days.In a note to clients, Vogt wrote,"While our recently lowered 83 million Dec quarter iPhone unit estimate should reflect the recent disruptions, if the data does not improve over the next several weeks, we believe there is downside risk to iPhones despite the extra week in the quarter.
And of course, it is the holiday shopping season with Black Friday kicking off a week from this Friday. This is not a very good time of the year for Apple to run into production snafus for the iPhone which remains its most popular product. For example, during last year's calendar fourth quarter , collected $76.63 billion in revenue for the iPhone alone. That was up 11% from the $68.34 billion in iPhone sales that Apple reported for the same period during the previous year.Get the most important news, reviews and deals in mobile tech delivered straight to your inbox
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