iPhone Delays Weigh on Apple Ahead of Holiday Season
- Jefferies sees about $1 billion sales hit per week of lockdown
- Black Friday, Christmas shopping drive Apple’s biggest quarter
The Apple iPhone 14 in Cupertino, California.
Photographer: Nic Coury/BloombergThis article is for subscribers only.
Wait times for Apple Inc.’s most expensive smartphones are rising to what analysts say are record levels as the holiday shopping season kicks off, threatening to curb sales at the company’s busiest time of year and derail a rally in the stock.
Customers in the US who placed an order Tuesday would get an iPhone 14 Pro delivered in New York on Dec. 30, after Christmas, according to Apple’s website. The wait was about 34 days as of last week, near the highest ever, according to UBS Group AG.