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7 Stocks Most Likely To Be Impacted By iPhone 14 Delays

Stock Markets May 26, 2022 23:40
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© Reuters. 7 Stocks Most Likely To Be Impacted By iPhone 14 Delays

As the largest tech company in the world, Apple Inc (NASDAQ:AAPL) (NASDAQ: APPL) has a global reach, unlike any other company.

Because of its scale, Apple has a bigger market share of the global supply chain than most companies, allowing it to demand higher quality products and impose harsher terms on its suppliers.

Despite Apple's ability to muscle its suppliers, the COVID-19 pandemic, particularly the recent breakout in Shanghai, has caused unexpected delays in the production of at least one of the iPhone 14 models.

Some restrictions have eased in the greater Shanghai area, allowing suppliers to ramp up developmental efforts. Still, the consequences of the lockdowns have already impacted the production of the iPhone 14 Max model — to the tune of three weeks.

According to MacRumors, all four models of the new iPhone 14 are at the engineering verification test (EVT) stage of development, with mass production set to begin in early August for the iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max.

The 14 Max model has been delayed due to supplier Pegatron's complete shutdown of production during the Shanghai lockdowns.

The lockdowns are affecting more than just Chinese suppliers. American companies participating in the production of iPhones will be affected if the production delays reach the manufacturing timeline slated to begin in August.

Those companies include:

QUALCOMM, Inc. (NASDAQ: QCOM)

Corning Incorporated (NYSE: NYSE:GLW)

Skyworks (NASDAQ:SWKS) Solutions Inc (NASDAQ: SWKS)

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM)

Broadcom Inc (NASDAQ: NASDAQ:AVGO)

Jabil Inc (NYSE: JBL)

Lumentum Holdings Inc (NASDAQ: LITE)

Photo: Anderson Reis via Shutterstock

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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7 Stocks Most Likely To Be Impacted By iPhone 14 Delays
 

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