Apple Inc. plans to keep iPhone production almost unchanged at about 220 million mobile phones by 2022, according to Bloomberg News, as coronavirus restrictions in China, global supply chain problems and slowing demand continue. to hit smartphone companies.
Restrictions in Shanghai due to the coronavirus have paralyzed the financial center for seven weeks.
IPhone parts supplier Foxconn has been able to keep its employees in the area in a closed system to limit the impact on production, but restrictions in the country have led many to issue demand warnings.
Apple also said last month that a possible new lockdown in China and Taiwan, where many parts of the phone and the iPhone are produced, could create new barriers to supply and demand this quarter.
Developments are also coming as investors prepare to cut spending on technology gadgets and services, as the war in Ukraine drives up the cost of oil, food and other commodities.
Source: Capital
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