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Apple is finally catching up with demand for the iPhone 14 Pro

Apple is finally catching up with demand for the iPhone 14 Pro

Apple is finally catching up with demand for the iPhone 14 Pro

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JP Morgan analysts are tracking shipping estimates for iPhone 14 models globally to gauge the disparity between demand and supply. According to the latest note released by analysts, this disparity has effectively disappeared.

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China’s struggles to contain a new COVID outbreak have caused iPhone 14 Pro production capacity to plummet and ahead of the holidays, Apple was facing an estimated shortage of 15-20 million units. But now the holidays are over and China has changed its policy, allowing factories to reopen at normal capacity.

Delivery times for the four iPhone 14 models (source: JP Morgan)

Worldwide delivery dates for both iPhone 14 Pro models are now less than a week away, which JP Morgan analysts see as a clear sign that supply has caught up with demand for the first time since launch.

All four iPhone 14 models have short standby times, around 4 days on average. In the United States, for example, shipping takes about 5 days. In China and Europe, waiting times are even shorter, around 3 days, and most SKUs are also available for in-store pickup.

iPhone 14 Pro supply is catching up with demand

This is good news for Apple, but the company is still heavily dependent on facilities in Zhengzhou – the so-called “iPhone City” is currently the only place on Earth manufacturing iPhone Pros.

Apple partners are already producing vanilla iPhone 14s in India, and Cupertino plans to expand that capacity (Indian-made iPhones are currently only 5% of the total, plan is to reach 25% by 2025 ).

Source

Tech

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