other material
confidence high
sentiment negative
materiality 0.75
Apple warns of lower iPhone 14 Pro shipments due to COVID restrictions at Zhengzhou plant
Apple Inc.
- Primary iPhone 14 Pro assembly facility in Zhengzhou, China, operating at significantly reduced capacity due to COVID restrictions.
- Apple expects lower iPhone 14 Pro and Pro Max shipments than previously anticipated.
- Customers will experience longer wait times for iPhone 14 Pro models.
- Company is working with supplier to return to normal production while ensuring worker health and safety.