Turmoil at Apple's Zhengzhou, China, manufacturing plant is likely to result in a production shortfall of about 6 million iPhone 14 Pro and Pro Max devices.
Lipow Oil Associates president Andy Lipow and The Fitz-Gerald Group principal Keith Fitz-Gerald react to oil tumbling to a 2-month low and violence erupting in China over its 'draconian' response to COVID on 'The Claman Countdown.'in Zhengzhou, China, is expected to result in production being short nearly 6 million iPhone Pro devices.
The Foxconn facility produces most iPhone 14 Pro and Pro Max devices, in-demand units that have picked up the lack of demand for the regular iPhone 14. Apple cut its overall production target to about 87 million units from an earlier projection of 90 million units, according to Bloomberg. "It demonstrates that everyone, even Apple, is susceptible to supply-chain constraints in China due to COVID," Moor Insights & Strategy's Anshel Sag told Bloomberg.
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