Nov 7, 2022
Apple: iPhone shipments delayed over China Covid lockdown
Itching to buy the latest iPhone 14 Pro or iPhone Pro Max? Apple says you should expect longer wait times to receive its new products. Apple's news comes as China reiterates its commitment to zero Covid. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products." The announcement will likely disappoint investors who were hoping China would lift its Covid restrictions in the near future. Foxconn, formally known as Hon Hai Precision Industry, accounts for 70% of iPhone shipments globally.
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