Due to COVID restrictions in Shanghai, the three largest factories (Pegatron, Quanta and Compal) that assemble devices for Apple have been stopped. Orders were redirected to Foxconn production lines.
But this option may not work. The fact is that recently a local quarantine was introduced in the Chinese city of Zhengzhou. The Chinese were sent to self-isolation, forbidding them to leave their homes. It is in the Zhengzhou Airport Economic Zone that Foxconn’s largest iPhone assembly plant is located. It is highly likely that he will suspend the production of Apple smartphones. Earlier, Foxconn had to stop conveyors at its own factory in Shenzhen due to quarantine restrictions.
Experts say that it is important for Apple that everything is limited to a 2-week quarantine. Suspension for a longer period threatens to fail the production plan and disrupt the sales plan. The worst-case scenario is a 2-month quarantine and the inability to redirect orders to Foxconn. In this case, we are talking about the release of about 6-10 million iPhone units.
Foxconn recently started manufacturing the latest generation iPhone for Apple at its India plant located in Chennai. At the same time, the release of the Pro version in the country has not yet begun.
According to iDropNews, Apple has begun planning a new pricing policy related to the fall release of the iPhone 14 line.
Source: ixbt
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
