China's iPhone supply disruption weighs on Apple, a temporary headwind

China’s iPhone supply disruption weighs on Apple, a temporary headwind

Foxconn employees on the assembly line in Longhua, Shenzhen, China. The company has reportedly hired students to work overtime at its iPhone factory in Zhengzhou.

Kylie Shen | bloomberg | Getty Images

JPMorgan cut on Monday appleApple’s iPhone Shipment Forecast (AAPL) amid uncertainty about when production will resume at a major all-China assembly plant, with revenue and profits expected to decline in the current quarter. But even with expected supply disruptions, the club remains optimistic about Apple’s ability to make up for production shortfalls in light of Beijing’s recent move to start. Relaxation of Covid-19 restrictions.

#Chinas #iPhone #supply #disruption #weighs #Apple #temporary #headwind

Leave a Comment

Your email address will not be published. Required fields are marked *