TrendForce finds that the capacity utilization rates of the iPhone production lines in China have climbed back to around 70% as the local outbreaks of COVID are being gradually brought under control.
However, returning their capacity utilization rates to the normal level will still be difficult in the short term, according to the research group. This means iPhone shipments will be lower than expected for the fourth quarter.
Trendforce says that, originally, the fourth-quarter iPhone shipment target was set at 80 million units. Due to the drop in the capacity utilization rates of the production lines in Zhengzhou, China, the quarterly total iPhone shipments is now projected to drop by 2~3 million units. As for this year’s total iPhone shipments, they are now targeted around 237 million units.
