Apple iPhone models delayed by China's COVID restrictions

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Apple iPhone models delayed by China's COVID restrictions
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Apple said on Sunday that COVID-19 restrictions at an iPhone factory in China have 'temporarily impacted' shipments of its flagship phone.

A women a face masks wait for their buses at a bus stand displaying an iPhone advertisement in Beijing on Oct. 30, 2022. Access to an industrial zone in the central Chinese city of Zhengzhou was suspended in early November.Apple said on Sunday that COVID-19 restrictions at an iPhone factory in China have "temporarily impacted" shipments of its flagship phone.

"We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models," Apple said in a statement. "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." About 60% of Foxconn's iPhone assembly happens in Zhengzhou, Morgan Stanley analysts wrote in the report.

Taiwan-based Foxconn issued a current-quarter outlook on Monday, saying it was originally "cautiously optimistic," but "due to the pandemic affecting some of our operations in Zhengzhou, the company will 'revise down' the outlook for the fourth quarter."

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