The resurgence of COVID in China is partially the reason why a U.S. analyst sees shortages of iPhone 14 series handsets this holiday season.
, Wedbush analyst Dan Ives is telling clients that there is a severe shortage of iPhone 14 series handsets as the holiday shopping season kicks off today, Black Friday. In a note sent to Wedbush customers today, Ives said,"We believe demand for iPhone 14 units into the all-important Black Friday holiday weekend is way ahead of supply and could cause major shortages leading into Christmas season.
CBS News is blaming the shortage on the resurgence of COVID in China which has led Chinese officials to order a crackdown in certain areas including Zhengzhou. That is where Foxconn's largest iPhone manufacturing facility is located. On Friday, mainland China reported a record number of COVID infections for the second consecutive day.
Some workers were unhappy with the COVID crackdown and escaped the factory's campus leaving Foxconn with a shortage of workers during its busiest time of the year.Needing to have enough employees to man the iPhone assembly lines just weeks before Christmas, Foxconn offered new workers bonuses to sign up and China even called on military vets and Communist party members to recruit personnel for Foxconn, the country's top employer, and taxpayer.
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