Apple also said last month that any new lockdowns in China and Taiwan, where many parts and iPhones are produced, could introduce new supply constraints.
The COVID-19 outbreak in China has largely paralyzed its financial hub Shanghai by a city-wide lockdown – now in its seventh week. Meanwhile, Beijing has stepped up its quarantine efforts.
- Reuters
- Last Update:May 27, 2022, 12:17 IST
- What should I follow:
Apple Inc. plans to keep iPhone production roughly flat at 220 million units for 2022, Bloomberg News on Thursday, as China’s COVID-19 curbs, global supply chain issues, and cooling demand hurt smartphone makers. is delivering.
The COVID-19 outbreak in China has largely paralyzed its financial hub Shanghai by a city-wide lockdown – now in its seventh week. Meanwhile, Beijing has stepped up its quarantine efforts.
iPhone maker’s supplier Foxconn has been able to put its employees in a “closed loop” system to limit the impact on production, but the lockdown in the country has prompted many to call for demand-related warnings.
Apple also said last month that any new lockdowns in China and Taiwan, where many parts and iPhones are produced, could introduce new supply and demand constraints in the current quarter.
The development also comes at a time when investors are bracing for a slump in consumer spending on tech gadgets and services as the war continues. Ukraine Increases the cost of oil, food, and other staples.
Separately, Nikkei reported on Wednesday that the company had told its suppliers to accelerate iPhone development after China’s COVID-19 lockdown disrupted schedules for at least one of the new phones. Returns.
Apple did not immediately respond to a Reuters request for comment.
read all breaking news , today’s fresh news And IPL 2022 Live Updates Here.