Tracking reports and news published on Apple’s official website have indicated that the production of the iPhone 14 Pro and Pro Max has been affected, resulting in extended delivery times. Since the iPhone 14 Pro and Pro Max are the most in-demand of the iPhone 14 series, production has been affected and delivery times have been extended, which will inevitably affect the current fiscal quarter, which is Apple's first fiscal quarter of fiscal 2023, which ends at the end of December. receive.
The latest media reports show that some investment banks have lowered Apple's revenue forecast for this fiscal quarter, from the previously expected $129.2 billion to $ 123.4 billion, down $5.8 billion.
Although investment banks lowered their revenue forecasts for Apple's fiscal first quarter, they still have a significant year-over-year increase in their forecasts. In the first quarter of fiscal 2022, Apple's revenue reached a record $111.439 billion, driven by large shipments of the iPhone 13 series. If revenue in the first quarter of fiscal 2023 meets the investment bank's expectations, it will be a new record.
The investment bank also expects that the current production of the iPhone 14 Pro and Pro Max will be affected, resulting in extended delivery times. It is a supply issue rather than a demand issue that will not affect demand. The related demand will be delayed until next year, and they expect $4 billion. revenue will be transferred to the second quarter.
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