According to the last Nikkei Asia report, Apple suppliers in China are lagging behind on the development of one of its iPhone 14 series models due to ongoing COVID lockdowns across the country. Based on information from unnamed sources close to the matter, Apple urged suppliers to accelerate component development in an effort to keep pace with production schedules.
Foxconn, Pegatron, and Luxshare Precision Industry are the three key suppliers for upcoming iPhone models with the latter two companies suffering from the slow reopening of Shanghai factories. According to estimates, the lockdowns in China and the stoppage of production of the next iPhone models could end up costing Apple up to $ 8 billion in revenue.
Based on previous iPhone development schedules, all new iPhones reach the Engineering Verification Phase (EVT) by June, but the new report confirms that at least one of the 14 Series models is three weeks behind schedule. Apple’s goal is to have its full-scale iPhone 14 series production line by September, but whether that will be the case this year remains to be seen.
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