Apple
is facing delivery problems for some iPhones as issues at a critical factory in China continue. But analysts are playing down the potential long-term impact on the company.
Apple (ticker: AAPL) has had a turbulent couple of weeks. At the end of October, media reports came out that the largest iPhone factory, a
Foxconn
plant in Zhengzhou, was struggling to manage a Covid-19 outbreak. About a week later, Apple released a statement saying that the Zhengzhou facility was “operating at significantly reduced capacity” and that customers should expect to experience longer wait times on certain products.
Source: https://www.barrons.com/articles/apple-iphone-supply-china-51669395559?siteid=yhoof2&yptr=yahoo