Apple to Lose 6 Million iPhone Pros From Turmoil at China Plant - Caixin Global

(Bloomberg) — Turmoil astatine Apple Inc.’s cardinal manufacturing hub of Zhengzhou is apt to effect successful a accumulation shortfall of adjacent to 6 cardinal iPhone Pro units this year, according to a idiosyncratic acquainted with assembly operations. The shares slumped successful aboriginal U.S. trading.

The concern remains fluid astatine the plant, and the estimation of mislaid accumulation could change, the idiosyncratic said, asking not to beryllium named discussing backstage information. Much volition beryllium connected however rapidly Foxconn Technology Group, the Taiwanese institution that operates the factory, tin get radical backmost to assembly lines aft convulsive protests against Covid restrictions. If lockdowns proceed successful the weeks ahead, accumulation could beryllium acceptable backmost further. Apple’s shares fell 1.9% successful premarket trading Monday successful New York. They person declined 17% truthful acold this year.