A key manufacturing hub of Apple’s iPhone in Zhengzhou that suffered from a turmoil could have an impact on a production shortfall for about 6 million for iPhone pro units this year.
Zhengzhou campus has been ruined by lockdowns and their workers unrest for a weeks after Covid infections left Foxconn and the local government trying to battle with the outbreak.
Foxconn Technology group is a Taiwan company that majors for product devices to Apple’s iPhone 14 Pro and Pro Max. If lockdown continues, the company will set further production back.
Apple’s shares fell 1.9% in premarket trading in New York on Monday, and it declined 17% so far this year. The company cut the overall production target to 87 million units from an earlier target of 90 million units.