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Bloomberg

Apple's reliance on China grows perilous

Bloomberg ·
Bloomberg
Bloomberg

Apple Inc. warned earlier this month that shipments of its newest iPhones will be lower than expected going into the peak holiday season, that was before a recent escalation at Foxconn's Zhengzhou plant which produces about 80% of the latest iPhone 14 models. Ed Ludlow has more on how China's Covid Zero policy is impacting Apple.