Apple Could Lose 6 Million iPhone Pro Units As China's Covid Unrest Continues - Observer

Foxconn’s Zhengzhou, China installation is the world’s largest iPhone factory. AH CHI/ Feature China/Future Publishing via Getty Images

Ongoing strikes and protests against utmost Covid restrictions astatine a large Apple mill successful Zhengzhou, China is apt to effect successful a accumulation shortfall of 6 cardinal iPhone Pro units this year, Bloomberg reported contiguous (Nov. 28), citing an anonymous root astatine the factory.

The accumulation deed is astir 8 percent of Apple’s people of 87 cardinal iPhone 14s this year, which was already lowered earlier this period to relationship for labour disruptions astatine the Zhengzhou factory, owned by Taiwan’s Foxconn Technology Group. In 2021, Apple sold 239 cardinal iPhones successful total.

The Zhengzhou installation is the world’s largest manufacturing hub for iPhone 14 Pro and Pro Max smartphones. These high-end handsets person become Apple’s astir important nett watercourse successful caller years arsenic request for regular iPhone models dwindle.

Apple shares fell much than 1.6 percent successful New York Monday morning.

Thousands of Foxconn workers fled Foxconn’s Zhengzhou mill successful precocious October implicit fears of wide Covid outbreaks and lockdowns, causing a idiosyncratic shortage. Foxconn, with the assistance of section government, replaced them with caller hires lone to incite a caller question of protests past week against wage and quarantine practices.