Friday, 24 March, 2023
Covid-19 Limitations May Cause Apple's iPhone Production to Drop by 30%: Report
<p>Due to tighter COVID-19 limitations in China, production of Apple Inc.'s iPhones could decline by as much as 30% at one of the largest manufacturers in the world starting next month. Zhengzhou facility, which employs nearly 200,000 people has been hit majorly, due to strict measures to stop spread of COVID-19. To make up for the shortage, the manufacturer Foxconn, formerly Hon Hai Precision Industry Co Ltd, is seeking to increase production at another factory in Shenzhen.</p>
Read full story at Live Mint
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