Analysts at Morgan Stanley revised the estimated deliveries of the latest iPhone 14 down by another three million units in response to supplier issues related to China's COVID-19 restrictions.
Including the six million decreases projected by the same analysts last month, the US tech giant is now expected to ship about 75.5 million units, over 11% less than initially predicted.
However, they concluded this doesn't necessarily mean the demand for Apple's latest flagship phones is suffering. Apple's stock declined nearly 1% on Wednesday, returning to last week's levels.
