iPhone City lockdown ended, as Foxconn plant troubles estimated to cost Apple $1B/week
November 30, 2022
The iPhone City lockdown has ended, allowing free movement of residents and workers in Zhengzhou, China. The move will help relieve pressures at the Foxconn plant after a massive production disruption that is estimated to have cost Apple around a billion dollars a week in lost iPhone sales.
The ending of COVID-19 restrictions in the city will allow Foxconn to exit the closed-loop production…