Analysts at JP Morgan track shipment estimates for iPhone 14 models around the world to measure the disparity between demand and supply. According to the latest note published by the analysts, this inequality has actually disappeared.
China’s struggle to contain a new outbreak of COVID has reduced iPhone 14 Pro production capacity, and Apple was facing a shortfall of about 15-20 million units before the holidays. But now the holidays are over and China has changed its policy, allowing factories to reopen at normal capacity.
The service life of the four iPhone 14 models (source: JP Morgan)
Worldwide shipping times for both iPhone 14 Pro models are now less than a week away, 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 a short standby time of about 4 days on average. For example, shipping to the US takes about 5 days. In China and Europe, the wait time is even shorter, around 3 days, and most SKUs are also available for in-store pickup.
This is good news for Apple, but the company is still heavily dependent on equipment from Zhengzhou; the so-called “iPhone City” is currently the only place on Earth that manufactures iPhone Pros.
Apple’s partners already manufacture vanilla iPhone 14s in India, and Cupertino plans to expand that capacity (Indian-made iPhones currently account for only 5% of the total, with plans to increase that to 25% by 2025) :