Coronavirus tally: China COVID restrictions hit Apple and iPhone maker Foxconn - MarketWatch

COVID-related lockdowns successful China are hurting Apple Inc. AAPL, -0.19% and iPhone shaper Foxconn with the erstwhile saying Sunday it expects little shipments of its high-end iPhone 14 Pro and iPhone 14 Pro Max devices than it did previously, and the second revising its fourth-quarter guidance. "We proceed to spot beardown request for iPhone 14 Pro and iPhone 14 Pro Max models," Apple announced successful a Sunday evening property release. "However, we present expect little iPhone 14 Pro and iPhone 14 Pro Max shipments than we antecedently anticipated and customers volition acquisition longer hold times to person their caller products." Foxconn, which trades arsenic Hon Hai Precision Industry Co. 2317, -0.50%, said its visibility for the 4th was primitively "cautiously optimistic." In the U.S., known cases of COVID are climbing again for the archetypal clip successful a fewer months. The regular mean for caller cases stood astatine 39,954 connected Sunday, according to a New York Times tracker, up 6% versus 2 weeks ago. The regular mean for hospitalizations was up 2% astatine 27,419, portion the regular mean for deaths is down 11% to 320. Globally, the confirmed lawsuit tally roseate supra 632.6 cardinal connected Monday, according to information aggregated by Johns Hopkins, portion the decease toll is supra 6.60 cardinal with the U.S. starring the satellite with 97.7 cardinal cases and 1,072,594 deaths.