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Shenzhen Factories Go “Closed Loop” as COVID Cases Rise

Shenzhen Factories Go “Closed Loop” as COVID Cases Rise

26 JULY 2022 - Less than exciting news from Bloomberg (via Business Standard): A number of factories in Shenzhen, China - including Foxconn - are once again operating under “closed loop” restrictions. That basically has workers working, going back to their factory dorms, not leaving campus, and not doing much else. As of now, the piece says the loop will be closed for seven days, as Shenzhen “battles its latest Covid outbreak.”

With the launch of iPhone 14 expected in about two-months, Bloomberg checked in on what the new restrictions mean for Foxconn and Apple. Right now, things seem fine. “A Foxconn spokesperson said operations at its Shenzhen sites ‘remained normal,’” according to the report. Additionally, Bloomberg pointed out that the Foxconn factory in Zhengzhou “is a far bigger iPhone-making hub.”

JP Morgan Analyst Still a Fan of Apple Shares

JP Morgan Analyst Still a Fan of Apple Shares

Apple Discounts Some Hardware in China in Four-Day Sale

Apple Discounts Some Hardware in China in Four-Day Sale