Monday, March 2, 2020

New iPhone is difficult to produce Apple: epidemic is temporary, foundries are resumed

For Apple, the epidemic has affected the operation of its supply chain, and iPhone production is in trouble, but things are turning for the better.

According to Cook, China is controlling the spread of the new crown virus. New cases are falling every day, so Apple is very optimistic. On the supplier side, the iPhone has factories around the world, and they have parts from the United States and China. China's factories have begun to resume work, and these factories can be restarted to overcome the epidemic.
In a previous interview with the media, Apple CEO Cook said that China has controlled the epidemic and the factories that produce iPhones are returning to work.
Cook also said that Apple will not withdraw from China due to production disruptions caused by the epidemic, and the current epidemic is "temporary." Of course, such good news also stimulated Apple's stock price. Apple's stock price rebounded sharply on Monday, with intraday gains of more than 7%.
Although the iPhone supply chain is slowly recovering, the outlook is still not optimistic. The epidemic has affected Apple engineers to go out to discuss the production of new iPhones with foundries. At the same time, the current outbreak in Japan and South Korea has led to the supply of some key components for new machines.
The LG Innotek factory responsible for supplying iPhone camera modules has been closed, bringing another blow to Apple's supply chain. The factory is located in Gumi, South Korea.

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