According to foreign media reports, analysts’ tracking reports and news published on Apple’s website have indicated that iPhone 14 Pro and Pro Max production has been affected, resulting in longer shipping times.
Since iPhone 14 Pro and Pro Max are the most in-demand of the iPhone 14 series, the impact on production and extended shipping times will inevitably affect Apple’s revenue in the current fiscal quarter, the first quarter of the fiscal year 2023, which ends in December.
The latest reports from foreign media indicate that investment banks have lowered their revenue estimates for Apple’s fiscal quarter, from an estimated $129.2 billion to $123.4 billion, a downward revision of $5.8 billion.
Although the investment banks have lowered their revenue estimates for Apple’s first quarter, they are still expecting a significant year-over-year increase. Apple’s fiscal first quarter of 2022 saw record revenue of $111.439 billion, driven by large shipments of the iPhone 13 series. If revenue in the first quarter of fiscal 2023 meets the investment banks’ expectations, it will reach another record high.
In addition, the investment banks expect that the current iPhone 14 Pro and Pro Max production impact, which has resulted in longer shipping times, is a supply issue rather than a demand issue and will not impact demand, with related demand deferred to next year, and they expect $4 billion in revenue to be shifted to the second fiscal quarter.
