According to Taiwan’s Economic Daily News, UBS on Dec. 2 lowered its iPhone 14 series production estimate for the second half of this year from 92 million to 76 million after Nomura and Morgan Stanley revised their iPhone shipments.
UBS expects overall iPhone production to come in at 53 million units in the third quarter, up 9 percent from UBS’s previous estimate, as overall iPhone production looks solid for both entry and high-end iPhone models.
In addition, UBS expects overall iPhone production in the fourth quarter to be 74 million units, 15% lower than UBS’s previous estimate, due to supply disruptions from Hon Hai and weak demand for iPhone 14 and iPhone 14 Plus.
UBS expects overall iPhone production to reach 230 million units in 2022, unchanged from last year and is expected to produce 53 million units in the first quarter of next year, down 29 percent sequentially and 10 percent year-over-year, according to the Taiwan media.
