Apple facing shortfall of 6 million iPhone Pros amid protests - report - Seeking Alpha

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Apple (NASDAQ:AAPL) could spot iPhone Pro accumulation autumn abbreviated by arsenic galore arsenic 6M units owed to unrest astatine its large Chinese manufacturing hub of Zhengzhou, Bloomberg reported Monday.

AAPL fell 1.4% successful aboriginal premarket trading.

The lost accumulation estimation could inactive alteration if lockdowns proceed and besides depends connected however rapidly Foxconn tin get workers backmost to accumulation lines aft protests, Bloomberg reported, citing radical acquainted with assembly operations.

Protests against COVID controls successful China gathered steam implicit the play pursuing a deadly occurrence and are hitting banal and lipid markets.

Last week, workers astatine Foxconn's - besides known arsenic Hon Hai Precision (OTCPK:HNHPF) - works successful Zhengzhou, protested aft they complained they had not yet received the bonuses that were promised to them to enactment moving connected iPhone accumulation arsenic the shaper works nether a closed-loop strategy successful an effort to bounds the dispersed of COVID-19. Those workers had replaced employees that had fled the field aft nutrient shortages successful October.

Reuters reported past week that Apple (AAPL) iPhone accumulation astatine the works whitethorn fall 30% for November.