• 109
  • 8
  • Favorite

Apple Shares Dropped 2% in Morning Trading

Tiger Newspress2022-11-25

Apple shares dropped 2% in morning trading. 

Production of Apple Inc's iPhones could slump by at least 30% at Foxconn's factory in China's city of Zhengzhou after worker unrest disrupted operations, a person with direct knowledge of the matter told Reuters on Friday.

The estimate was an upward revision of an October internal forecast for production impact of up to 30% at the world's largest iPhone factory, said the source, who sought anonymity as the information was private.

Following this week's bout of worker unrest at the plant, the source added, it was "impossible" for the company to resume full production by the end of the month - a deadline it had set internally before Wednesday's wave of protests.

Foxconn declined to comment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment8

  • Tanyl
    ·2022-11-27
    Because it is so high
    Reply
    Report
  • 来人
    ·2022-11-26
    Ok 
    Reply
    Report
  • BlueDragon
    ·2022-11-26
    Ok
    Reply
    Report
  • 来人
    ·2022-11-25
    Ok buying opportunity 
    Reply
    Report
  • MIe
    ·2022-11-25
    Apple dip , good opp to buy for upside 
    Reply
    Report
    Fold Replies
    • Yao84
      O
      2022-11-26
      Reply
      Report
    • mac0racle
      Buy
      2022-11-26
      Reply
      Report
    • Cvt
      Like
      2022-11-26
      Reply
      Report
  • RT126
    ·2022-11-25
    Oh no no no no... $Apple(AAPL)$ cmon please
    Reply
    Report
    Fold Replies
    • 来人
      Yes
      2022-11-25
      Reply
      Report
  • KYBoo
    ·2022-11-25
    Ffi
    Reply
    Report
    Fold Replies
    • Pull Lu
      hi
      2022-11-25
      Reply
      Report
    • KYBoo
      ff
      2022-11-25
      Reply
      Report
  • Maxsoh49
    ·2022-11-25
    Oh gosh.... I just ordered a unit. Will my eta shift?😭
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial