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Foxconn is ending its “closed-loop” formula at the Zhengzhou factory that required staff to stay in their workplaces and dormitories to prevent the spread of coronavirus infections.
Barron’s says the move “will be a relief for Apple, but it probably won’t come in time to prevent it from affecting iPhone sales anytime soon. “
A note to consumers, as noted via AppleInsider, Piper Sandler expects Apple and Foxconn to reach production of the iPhone 14 Pro in December, but they will still be below nine million iPhones. The investment bank is cutting its earnings estimates for Apple’s December quarter to $8 billion.