Of Foxconn and other factors, Morgan Stanley once again lowered the global iPhone shipments in the fourth quarter of 2022, then the previously adjusted forecast of another 3 million units.
In a Morgan Stanley memo reviewed by CNBC, analysts see Apple shipping more than 9 million fewer iPhones in the fourth quarter than initially estimated, and a further 300 percent lower than a subsequently adjusted forecast. million units. That means their original forecast of 85 million dropped to 75.5 million.
Morgan Stanley said in the report: “Investors now understand that due to iPhone supply shortages, deliveries in the fourth quarter will be challenged. Therefore, the most important debate in the near future is how big the gap will be in this quarter.”.We think the demand for iPhone 14 Pro/Pro Max is still solid, and this demand may be delayed until the first quarter of next year, but we don’t think it will disappear directly.”
Morgan Stanley still sees Apple generating $120 billion in Q4 revenue. While tight iPhone supply could have a negative impact of 3%, the quarter-over-year quarter-over-year figure of $123.9 billion won’t be much of a dip.
