Analysts don't expect Foxconn's Shenzhen lockdown to hurt iPhone productionWhat you need to know
Foxconn has had to close two Shenzhen facilities following a local COVID-19 outbreak.
Foxconn has offloaded some production to other plants.
Analysts don't expect Apple to suffer too badly.
One group of analysts isn't fazed by Foxconn's closing of two Chinese facilities.
Apple assembly partner Foxconn has had to close two Shenzhen campuses due to a new wave of COVID-19 in the region but J.P. Morgan analysts don't expect the move to have a major impact on the company's iPhone production.
The news that Shenzhen is in a fresh lockdown and that it's caused the closure of two Foxconn facilities broke on Monday. And while it's true that iPhone production has been halted as a result, it's thought that the company has been able to offload some manufacturing capacity to other factories. Now, Reuters reports that J.P. Morgan doesn't expect big waves as a result of the Foxconn closures.
"We believe the impact from the Shenzhen lockdown on iPhone EMS build should ...
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Analysts don't expect Foxconn's Shenzhen lockdown to hurt iPhone production
