Wedbush analyst Dan Ives noted in a note that “iPhone shortages are intensifying and were front and center this morning on Black Friday across multiple shops, Apple Stores, and online platforms.” “Currently, many Apple Stores are running out of iPhone 14 Pro models and colors, or have 25% to 30% less inventory than usual heading into a typical December, a harbinger of the Cupertino holiday season. It won’t,” he said, referring to Apple’s headquarters. Apple shares fell 2.0% after supplier Foxconn warned on Friday that worker unrest at its factories could further affect his iPhone production. Foxconn’s China factory makes premium models for his Apple, including his latest iPhone 14 Pro. The world’s largest Apple iPhone factory has grappled with severe COVID-19 restrictions, fueling worker discontent and halting production ahead of the Christmas and Chinese New Year holidays in January.
