Covid-19 is once again affecting Apple’s (AAPL) supply chain. A recent press release highlighted the impact the Covid restrictions are having at Hon Hai’s assembly facility in Zhengzhou, China, where the iPhone 14 Pro and iPhone 14 Pro Max are put together. The facility is currently operating at “significantly reduced capacity,” the result of which will be longer waiting times with the company expecting to ship lesser units over the near term. How this will ultimately affect sales in the holiday rich December quarter (F1Q23) is hard to quantify yet, says J.P.
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