JP Morgan analysts are tracking shipment estimates of iPhone 14 models around the world to gauge the disparity between supply and demand. According to the latest note published by analysts, this disparity has effectively disappeared.
China’s struggles to contain a new COVID outbreak has depleted iPhone 14 Pro production capacity, and before 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, which has allowed factories to reopen at full capacity.
Delivery times for the four iPhone 14 models (source: JP Morgan)
Delivery dates for the two iPhone 14 Pro models worldwide are now less than a week, 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, averaging around 4 days. For example, to the United States, 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.
This is good news for Apple, but the company still relies heavily on facilities in Zhengzhou – the so-called “iPhone City” is currently the only place in the world that produces iPhone Pros.
Apple’s partners are already making vanilla iPhone 14s in India, and Cupertino has plans to expand that capacity (Indian-made iPhones are just 5% of the total right now, the plan is to hit that 25% by 2025). .
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