Foxconn employees on the assembly line in Longhua, Shenzhen, China. The company reportedly employed students who worked overtime at its iPhone factory in Zhengzhou.
Qilai Shen | Mayor Bloomberg | fake images
JPMorgan Monday cut Apple‘s (AAPL) iPhone shipment forecast amid uncertainty about when production at a key assembly plant in China will fully resume, forecasting a decline in revenue and profit in the current quarter. But even with expected supply disruptions, the Club remains optimistic about Apple’s ability to make up for production shortages in light of Beijing’s recent decision to start ease Covid-19 restrictions.