iPhone supplier Pegatron issues production warning over COVID lockdowns

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Apple’s assembly partner Pegatron said production at a factory in Shanghai had been affected by the COVID-19 lockdown, a warning that could hurt manufacturing of iPhones and other products.

The announcement comes a month after Pegatron suspended operations at its Shanghai and Kunshan facilities, reducing production at its only two manufacturing bases in China.

Apple has already prepared for the impact of COVID-related disruptions. In his April earnings call, Apple Chief Financial Officer Luca Maestri said year-over-year revenue in the June quarter could decline by $4 billion to $8 billion due to bottlenecks and supply constraints.

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