Apple’s business under growing threat from China’s Covid wave
Enlarge / ZHENGZHOU, CHINA - A staff member wearing personal protective equipment disinfects a factory at Industrial Park of Foxconn on November 6, 2022 in Zhengzhou, Henan Province of China. (credit: VCG via Getty Images)
Apple's business is under threat from a widespread coronavirus outbreak in China, with supply chain experts warning of a growing risk of months-long disruption to the production of iPhones.
The US tech giant has had to contend with more than a month of chaos at its main assembler Foxconn's megafactory in Zhengzhou, China, known as iPhone City," following a Covid-19 outbreak that started in October.
Foxconn has moved some of its production to other factories across China, while Apple has worked with components suppliers to alleviate unusually long wait times-about 23 days for customers buying high-end iPhones in the US, according to research by Swiss bank UBS.