Apple High End iPhone Pro and Pro Max Production Hit by China COVID Lockdowns

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The company said the facility is currently operating at “significantly reduced capacity”.

“As we have done throughout the COVID-19 pandemic, we are prioritizing the health and safety of the workers in our supply chain,” Apple added.

“We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products.”

Apple said it is working with its supplier to return to normal production levels.

Shares of Apple are down 22% year-to-date.

By StreetInsider.com Staff