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Nov. 30, 2022, 12:59 p.m.
China lifts lockdown on Foxconn's iPhone plant in Zhengzhou
China lifts lockdown on Foxconn's iPhone plant in Zhengzhou
['lockdown', 'iPhone', 'lifted', 'Pro', 'Wedbush']

The latest COVID lockdown affecting iPhone manufacturer Foxconn has been lifted, following rioting by residents and workers.China's severe coronavirus measures have seen a series of lockdowns that has battered Foxconn's expected earnings growth. It's meant su…

China lifts lockdown on Foxconn's iPhone plant in Zhengzhou

The latest COVID lockdown affecting iPhone manufacturer Foxconn has been lifted, following rioting by residents and workers. CNN reports that Chinese authorities have now lifted the most recent lockdown, a further week-long one that affected Zhengzhou city. Reportedly, Chinese state media says that lockdown has been lifted in several districts of Zhengzhou, though it's not clear when the rest may follow. The rioting has more recently spread across the city, with residents calling for the lockdown to be lifted. Describing it as "a horror show for Apple," and also a "China train wreck," Wedbush claims the lockdown has been "An absolute gut punch to Apple's supply chain." According to Wedbush estimates, iPhone 14 Pro demand is running at three times the supply. Unless things change dramaticaly, very soon, it is already too late to order an iPhone 14 Pro online and get it in time for Christmas.

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