iPhone shipments delayed over China Covid lockdown



iPhone shipments delayed over China Covid lockdown

geemong

7 Nov 2022 at 01:41
iPhone shipments delayed over China Covid lockdown



Itching to buy the latest iPhone 14 Pro or iPhone Pro Max? Apple says you should expect longer wait times to receive its new products.

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The tech giant announced its assembly factory in China is now operating at a significantly reduced capacity.

Officials locked down a district home to Foxconn's iPhone factory - the world's largest - on 2 November for seven days.

Apple's news comes as China reiterates its commitment to zero Covid.

"As we have done throughout the COVID-19 pandemic, we are prioritising the health and safety of the workers in our supply chain," said a statement from Apple, which launched its new iPhone line in September.

"We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products."

The announcement will likely disappoint investors who were hoping China would lift its Covid restrictions in the near future. Chinese stock markets rose sharply on Friday on the back of rumours of an end to Covid lockdowns.

Beijing's unyielding approach to arresting the spread of the virus has come at a huge economic cost. But the country's leader Xi Jinping, who has personally endorsed the policy, has given no indication that it will ease soon.

The latest figures show the world's second-largest economy struggling to cope with prolonged challenges posed by persistent Covid restrictions, a property slump and the risk of a global recession.