Apple Stock Falls After iPhone 14 Production Warning - Barron's

Apple fell successful aboriginal trading Monday aft the tech elephantine warned that Covid-related manufacturing shutdowns successful China are slowing shipments of its iPhone 14 Pro and Pro Max models.

“Covid-19 restrictions person temporarily impacted the superior iPhone 14 Pro and iPhone 14 Pro Max assembly installation located successful Zhengzhou, China,” Apple (ticker: AAPL) said successful a statement. “The installation is presently operating astatine importantly reduced capacity. As we person done passim the Covid-19 pandemic, we are prioritizing the wellness and information of the workers successful our proviso chain.”