Investment bank Piper Sandler has estimated Apple’s financial losses due to the suspension of smartphone production. This was reported by Appleinsider.

The bank’s internal memo says Apple and Foxconn will catch up with iPhone production, but still around nine million devices are missing. Analysts noted that the lost benefit for the American company would be approximately $8 billion at the end of the quarter.

Experts reminded that demand in the market is expected to increase in the background of the Christmas holiday at the end of the year, but Apple cannot fully meet it. “We’re downgrading Apple primarily because of concerns about supply chain issues related to the unrest at the Zhengzhou factory.”, experts stressed. At the same time, financiers called the problems temporary – they should not affect the state of the company in the long run. “Apple will still remain a strong brand”The authors of the report noted.