The US tech giant Apple warned in late April that lockdowns in Shanghai and other cities to contain the spread of Covid-19 could cut its revenue in China by up to $8 billion in the current quarter. But now, production of new iPhones is also running behind schedule because restrictions on movement have yet to be fully lifted, Nikkei has reported.
Work to make the new iPhones “involves close collaboration between Apple and its suppliers, and must be completed on a tight schedule,” and the group and its suppliers are working around the clock to ensure production targets are met, the report said.
Read the full report: Nikkei Asia.
ALSO on AF: