AlphaCore Wealth Management CEO Dick Fister explains why he’s unhappy with Apple in “Clarman Countdown.”
Apple warned on Sunday that COVID-19 restrictions are hampering production at the main factory in Zhengzhou, China that makes the new iPhone 14 Pro.
“The plant is currently operating at significantly reduced capacity,” Apple said in a statement.
“We continue to see strong demand for the iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect shipments of the iPhone 14 Pro and iPhone 14 Pro Max to be lower than we had previously expected, and customers will demand longer wait time to receive their new products.”
The iPhone 14 was released in September. (Apple/Fox News)
China has maintained its “zero coronavirus” policy, but the country reported the highest number of new cases in six months on Sunday.
Shanghai Disneyland visitor reportedly locked in park for hours amid one COVID case
Foxconn employs about 200,000 people at its Zhengzhou factory, which makes most of Apple’s iPhones worldwide.
| stock code | Safety | load | Change | Change% |
|---|---|---|---|---|
| apple | Apple Inc. | 138.38 | -0.27 | -0.19% |
Earlier this week, China ordered a seven-day lockdown of the industrial park where the iPhone factory is located, barring residents from going out and restricting road travel.
FILE PHOTO: A man holds an iPhone 14 as new Apple models go on sale at an Apple Store in Beijing, China, September 16, 2022. (Reuters/Thomas Peter/File Photo/Reuters Photo)
Foxconn did not immediately respond to a request for comment Sunday night.
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Apple released the 6.1-inch iPhone 14 Pro and 6.7-inch iPhone 14 Pro Max in September, both powered by a 5-core GPU and an A16 Bionic chip.
Reuters contributed to this report.