Due to the riots and lockdown in Zhengzhou.
Bloomberg continues to focus on problems in Zhengzhou, home to Apple’s largest smartphone contract manufacturing facility, Foxconn, which is responsible for approximately 85% of iPhone 14 Pro and iPhone 14 Pro Max production. The lockdowns and ensuing riots have already cost Apple about $6 million in lost Pro-series smartphone shipments this quarter, the source estimates.
Image Source: Apple
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As the source explains, Apple and Foxconn still expect to release the same 6 million smartphones in the next quarter, in excess of the number of devices planned for this period. Perhaps it is precisely this desire that explains Foxconn’s interest in motivating the company’s employees to stay to work in Zhengzhou throughout January.
