Apple Stops Making iPhones, 1st Time In 10 Years! Find The Shocking Reason Why?
It seems that supply chain constraints have finally affected the technology major Apple which has managed to secure its own production lines from any impact so far.
iPhone Production Stopped
Not for long as the latest report suggests that the shortage of components has finally hit Apple.
So, the company has halted the production of the iPhone for the first time in over a decade.
Basically, this news follows the company’s own projections of iPhone 13 series production which was made public back in October.
Earlier, Apple had expected to produce 90 million new iPhone units in the last three months of the year.
But, the projection cut this number down by as many as 10 million units.
It seems that the projection was on point.
So, the company is now said to have halted the production of both iPhone and iPad.
The assembly lines for both the Apple products were halted “for several days”, according to a report by Nikkei Asia.
It happened due to the shortage of components used in their manufacturing.
the stoppage of production lines was also affected by the ongoing restrictions on the use of power in China.
After the start of the pandemic, this is the first time that Apple has actually had a direct impact of the supply chain constraint on the production of its devices.
Apple could survive this far as it was able to secure supplies for its units well in advance.
But, it seems that the disruption lingers and a constant supply of components can no longer be maintained.
Apple Giving Time Off To Workers
In terms of manufacturing, this period is usually very productive for Apple as the report highlights.
Normally, the first week of October usually sees Apple’s suppliers like Foxconn and Pegatron ramp up production to 24 hours a day.
But this year, the scenario seems to be the complete opposite of that.
Now, Apple suppliers are giving time off to workers.
Earlier, they used to give overtime during this period.
Now, Apple has opted against conducting overtime operations as there were only limited components and chips to work with, according to a supply chain manager.
Shortage Affecting Revenues
Most likely the shortage will continue to impact Apple’s revenue expectations in the coming year.
To the extent of the dip expected to be in billions of dollars.
Often, people buy Apple products as a Christmas present for themselves and their loved ones.
Considering this development, people are already too late who have not been able to get their hands on a unit till now.
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