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This is super bad news for Apple — Zengzhou having a massive lockdown will scare away workers for a while unless they promise to pay big jumps in salary to come
by xt00 4y ago
This is super bad news for Apple — Zengzhou having a massive lockdown will scare away workers for a while unless they promise to pay big jumps in salary to come back I would imagine.. Apple shifting tons of production to India is super bad news for China and this is definitely going to accelerate it. Zhengzhou is Uber important to apple’s iPhone production.. so my guess is that Foxconn production is essentially zero right now and will be for a month before lines get back up to speed.. (lockdown is supposed to be 7 days) but these production lines are massive, so could impact production for an extended period if workers are nervous to come back. Likely could cost Apple tens of billions in revenue..
- alwillis 4y agoLikely could cost Apple tens of billions in revenue.. If it were that bad, Apple would have said something more in their press release. If things get worse, there will be another press release.