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Due to unrest among residents and workers, the latest COVID-19 quarantine for iPhone maker Foxconn has been lifted.
China's crackdown on the coronavirus has led to a series of lockdowns that have undermined Foxconn's expected profit growth. This meant such large delays in the production of the iPhone 14 Pro that Apple made a rare statement about the situation.
CNN reports that Chinese authorities have lifted the latest lockdown, another week long, that has affected the city of Zhengzhou. Chinese state media reportedly says the lockdown has been lifted in several districts of Zhengzhou, though it's unclear when the rest will follow.
Earlier, employees who had to stay at Foxconn because of its “closed-loop” coronavirus protection rioted by the hundreds. Recently, riots have spread throughout the city, with residents calling for the lockdown to be lifted.
In an investor note shared with AppleInsider, Wedbush estimates that Foxconn is using between 20% and 30% of its capacity. Describing it as a “horror show for Apple” as well as a “China train wreck,” Wedbush claims the lockdown has been “an absolute blow to Apple's supply chain.”
Demand for the iPhone 14 Pro is three times higher than supply, according to Wedbush. Analysts believe that because of this, 10 to 15 million iPhone 14 Pro sales will move to 2023.
Unless things change drastically soon, it's too late to order the iPhone 14 Pro online and receive it by Christmas.
