Apple flags hit to iPhone shipments from Chinese COVID disruptions - WHBL

(Reuters) -Apple Inc connected Sunday said it expects little iPhone 14 Pro and iPhone Pro Max shipments than antecedently anticipated arsenic COVID-19 restrictions temporarily disrupt accumulation astatine an assembly installation successful Zhengzhou, China.

“The installation is presently operating astatine importantly reduced capacity,” the iPhone shaper said successful a statement. “Customers volition acquisition longer hold times to person their caller products,” it further added.

Reuters past period reported that accumulation of Apple’s iPhones could slump by arsenic overmuch arsenic 30% astatine 1 of the world’s biggest factories adjacent period owed to tightening COVID curbs successful China.

Separately, Taiwan’s Foxconn, Apple Inc’s biggest iPhone maker, said connected Monday it was moving to resume afloat accumulation astatine a large works successful China’s Zhengzhou that had been deed by COVID-19 curbs, and revised down its 4th fourth outlook.

(Reporting by Jaiveer Singh Shekhawat successful Bengaluru; Editing by Sam Holmes)