Production problems at Apple’s largest supplier, Foxconn, directly affect the company’s share value. Although the technology giant tries to take precautions regarding the supply of iPhone 14, it does not affect the problem in a short time. So what is Apple doing about the drop in shares due to the supply problem? Let’s take a look at the details of the news together.
Apple share value drops rapidly due to supply problem!
In addition to the economic problems that are emerging all over the world, the supply problems of the iPhone 14 series reduce the value of Apple stock. Problems at the Foxconn manufacturing facility in Zhengzhou, China, due to COVID-19, negatively affect iPhone 14 supply.
Many workers have left the Foxconn campus in recent months as a result of inadequate conditions with positive cases and healthy cases coexisting and unhealthy food. As a result, after the production of the iPhone 14 series, there was a shortage of supply.
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Apple stock closed at $126.04 on Wednesday evening, December 28. This decrease was considered the biggest decrease since June 2021. The technology company, although not fully, started to rise and closed the last week of the year at $ 129.93.
According to a report that emerged last week, Foxconn is still not able to use its full production capacity. Foxconn production capacity is currently below 70 percent. While there is no stock issue for the iPhone 14 and iPhone 14 Plus models for now, there are supply issues for the Pro. If the problem continues in this way, it is thought that the same problems will occur for the classic and plus model. Apple, on the other hand, is preparing to move its production to Vietnam due to all these problems.
What do you, our readers, think about this issue? What do you think Apple can do to prevent the supply problem and the decline in share value? You can express your views in the Comments section.