If you were going to buy an Apple product, recommend you buy it now because Apple's supply chain may be impacted with new outbreak.
https://www.cnbc.com/2022/03/14/appl...acts.%E2%80%9D
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Foxconn, a major assembler of Apple’s iPhones, said Monday it is pausing operations in Shenzhen, a Chinese manufacturing hub, after an uptick in Covid-19 cases led the city to shut down again.
“The operation of Foxconn in Shenzhen China has been suspended from March 14 onwards in compliance with the local government’s new COVID-19 policy,” the company told CNBC in an email. “The date of factory resumption is to be advised by the local government.”
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Foxconn produces some iPhones, iPads and Macs in Shenzhen. However, almost 50% of iPhones are produced at a factory in Henan province, according to a Bank of America research note Monday. Apple can start to ramp up production in Henan province to recoup some of those losses.
“Apple/Foxconn have the ability to relocate production to other areas in the short term provided that there is not a significantly higher duration of lockdown,” the firm’s analysts wrote. “An increased period of shutdowns can cause ripple effects at other components that can create a shortfall in production.”
The analysts said they would not cut estimates yet but they remain cautious about any “prolonged supply impacts.”
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