Wireless carriers in the U.S. are facing iPhone shortages as Apple deals with production and shipment disruptions from China due to the COVID-19 coronavirus outbreak. Shares of Apple fell steeply on Thursday as the market correction deepened.
“Our latest carrier survey indicated that iPhone shipments to carrier stores have been materially disrupted by the coronavirus outbreak in China,” KeyBanc Capital Markets analyst John Vinh said in a note to clients.
He added, “iPhone sell-through was adversely impacted by supply issues, particularly on the Pro/Max models and by lower foot traffic in outbreak areas, such as Seattle, San Francisco and the U.K.”
“Overall, shipments to stores were either halted for a while or became less frequent and came in smaller quantity,” Vinh said. “In light of the shortage, many stores have recommended customers order online, but certain Pro/Max (models) have seen order lead time extended to late March, while others remained normal at about two days.”
MacDailyNews Take: On the bright side, due to these iPhone shortages, the resale value of your iPhone 11 Pro and iPhone 11 Pro Max just went up!