Strong demand for the iPhone 14, especially the two Pro models, is giving Foxconn, Apple’s most important supplier, a financial boost. On Tuesday, the company released the monthly Sales report for September (via CNBC), showing that it had sales of over 822 billion Taiwan dollars this month alone – up 83.18 percent from August and even 40.39 percent year-on-year.
While Foxconn only cites a “new product launch and smooth mass production” as driving this record sales in its monthly reports, the analyst Neil Shah from the market research institute “Counterpoint Research” assumes that these record numbers are solely due to the huge demand for the iPhone 14 Pro and the iPhone 14 Pro Max to thank.
While no company in Apple’s supply chain can or wants to talk about specific sales figures, this report corresponds to previous information from insider circles. Ming-Chi Kuo, for example, claims to have learned in mid-September that Apple had asked Foxconn to increase production of the two devices due to strong demand for the Pro models and to switch some of the production lines from the normal iPhone models to the Pro. We also learned from our sources that the Pro models are selling like hot cakes, while the iPhone 14 and iPhone 14 Plus are proving to be more of a slow seller.
For Foxconn, these record numbers are reason enough to be optimistic about the fourth quarter. The prerequisite for this is, of course, that demand for the two iPhone 14 Pro remains stable. However, we have no concerns about that. Nevertheless, we are surprised that the iPhone 14 Pro in particular is selling so well this year, despite rising inflation worldwide.
Current best price: iPhone 14 Pro Max 128 GB Space Black