Chinese officials reportedly ended broad lockdown measures late Tuesday in the city of Zhengzhou, where Foxconn operates a factory that makes iPhones. But analysts see continued question marks for Apple.
Chinese authorities are relaxing the strict and sweeping lockdown measures that had been imposed on a city where many iPhones are made, but Apple Inc. still isn’t out of the woods.
While Ives doesn’t expect Wall Street to sweat the current manufacturing issues “to the full extent” given that some iPhone demand will be pushed into later quarters, he added that “major strategic questions remain around the future of Apple’s production in China.”
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