Business

Apple’s iPhone Supply Issues Could Hit Revenue. Why Analysts Say Not to Worry.




Apple


is dealing with supply issues for some iPhones as points at a crucial manufacturing facility in China proceed. But analysts are taking part in down the potential long-term impression on the corporate.

Apple (ticker: AAPL) has had a turbulent couple of weeks. At the tip of October, media reviews got here out that the biggest iPhone manufacturing facility, a


Foxconn



plant in Zhengzhou, was struggling to handle a Covid-19 outbreak. About every week later, Apple launched a statement saying that the Zhengzhou facility was “operating at significantly reduced capacity” and that clients ought to anticipate to expertise longer wait occasions on sure merchandise.



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