KGI: Jet Black iPhone 7 production issues hold up deliveries

That iPhone 7 in Jet Black that you pre-ordered weeks ago still hasn’t gotten to you yet? Sit your butt down, your chances are still slim for a fast pickup.

KGI Securities’s Ming-Chi Kuo has a research note saying that the glass-aluminium combination build has been trouble at the factories with yield rates dipping to between 60 and 70 percent. Demand for Jet Black has mounted to about one-third of pre-orders globally and nearly half of Chinese orders.

The firm also found in its pre-orders survey that there was an even split globally between iPhone 7 and iPhone 7 Plus reservations.

All that said, the analyst believes that Apple’s warning of lack of supply have realized. Initial availability of the iPhone 7 expanded from 12 countries in 2015 to 28 this year, exacerbating this year’s totally meaningless sell-out rate.

Kuo still forecasts a down year for iPhone sales through the end of the year, though the number has improved from 65 million to a ceiling of 75 million.

Source: Business Insider
Via: BGR

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.