📱 2022-04-11 14:00:25 – Paris/France.
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China's latest COVID lockdown saw Pegatron halt iPhone operations at its Shanghai and Kunshan factories, but Foxconn is unaffected, says analyst Ming-Chi Kuo.
Following orders from local authorities in the region, Ming-Chi Kuo Pegatron may not be able to restart production until late April or early May.
(1/4) China's COVID-19 lockdown is starting to affect iPhone assembly. Pegatron, the 2nd largest iPhone EMS, has already stopped assembly in Shanghai and Kunshan. In the best-case scenario, the full resumption of production may not be possible before the end of April or the beginning of May. https://t.co/KRviniJohq
— (Ming-Chi Kuo) (@mingchikuo) April 11, 2022
Previously, the lockdown measures were set to last until April 12. However, that was dependent on further testing, and it appears the peak of COVID has not abated.
Kuo reports that Foxconn, Apple's largest manufacturing partner, has not been subject to the lockdown. He argues that Foxconn's capacity could be enough to cover the shortfall resulting from the loss of Pegatron, at least in the short term.
"Apple has the best supply chain management capabilities," Kuo continues, "and a good relationship with the Chinese government, so I think Apple can minimize the impact of a lockdown on supply."
However, Kuo continues, a long lockdown could affect consumer confidence, "and would likely be detrimental to consumer electronics shipments (including Apple products) in 2H22."
SOURCE: Reviews News
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