Foxconn expects its Zhengzhou iPhone plant to return to full production around late December to early January, according to a Reuters report.
A company source told the site that the COVID lockdown situation is now under control.
"At present, the overall epidemic situation has been brought under control with November being the most affected period," the company said in a statement, adding it has started to recruit new employees and was gradually "restoring production capacity to normal".
Strict COVID restrictions fuelled worker discontent and protests, resulting in clashes with security personnel. It's estimated that over 30% of production could have been affected.
Analyst Ming-Chi Kuo estimates that Apple will ship about 70-75 million iPhones in the fourth quarter, 20% fewer than previously expected. He also predicts that shipments of the iPhone 14 Pro/Max in 4Q22 will be 15-20 million units less than expected. This could drop Apple's revenue for the quarter by 20-30%.
Unfortunately, those looking for an iPhone 14 Pro or iPhone 14 Pro Max will have a difficult time this holiday season. Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for updates.
A company source told the site that the COVID lockdown situation is now under control.
"At present, the overall epidemic situation has been brought under control with November being the most affected period," the company said in a statement, adding it has started to recruit new employees and was gradually "restoring production capacity to normal".
Strict COVID restrictions fuelled worker discontent and protests, resulting in clashes with security personnel. It's estimated that over 30% of production could have been affected.
Analyst Ming-Chi Kuo estimates that Apple will ship about 70-75 million iPhones in the fourth quarter, 20% fewer than previously expected. He also predicts that shipments of the iPhone 14 Pro/Max in 4Q22 will be 15-20 million units less than expected. This could drop Apple's revenue for the quarter by 20-30%.
Unfortunately, those looking for an iPhone 14 Pro or iPhone 14 Pro Max will have a difficult time this holiday season. Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for updates.