Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

iPhone deliveries were halted due to the China Covid lockdown.

Marian RomainebyMarian Romaine
November 7, 2022
in News
0
iPhone deliveries were halted due to the China Covid lockdown.
Share on FacebookShare on TwitterShare on Whatsapp

The tech behemoth said that its Chinese assembly plant is now working at a drastically reduced capacity.

On November 2, authorities shut down a neighborhood where Foxconn has its largest iPhone factory for seven days.

The announcement from Apple comes as China reaffirms its commitment to zero covid.

Investors who hoped China would soon relax its Covid restrictions will likely be disappointed by the announcement. On Friday, Chinese financial markets gained significantly as a result of rumors that Covid lockdowns will soon end.

Beijing’s unrelenting strategy for halting the virus’s spread has come at a significant financial cost. However, Xi Jinping, the president of the country, who has personally approved the policy, has not indicated that it will be eased any time soon.

The world’s second-largest economy is likely to show signs of adjusting to hurdles faced by continued Covid restrictions, a protracted real estate collapse, and the possibility of a worldwide recession based on trade figures and foreign currency data that are coming later on Monday.

According to figures on China’s third-quarter gross domestic product, the country’s economy recovered quicker than anticipated to 3.9% thanks to an increase in government spending.

On Sunday, the nation reported 5,643 new Covid infections, the highest daily total in six months. The Foxconn facility is situated in Zhengzhou, the provincial capital of Henan in central China, which has a population of around 10 million. On Monday, there were 3,683 cases and 22 fatalities.

Additionally, cases were found within the factory, which caused a rapid shutdown and the evacuation of the staff.

Due to China’s Covid control measures, Foxconn, the largest contract electronic manufacturer in the world, has cut its fourth-quarter projection downward. Due to the increase in demand for electronics before the Western world’s end-of-year holiday season, the fourth quarter is typically a busy one for IT companies.

The Henan provincial government and the Taiwan-based corporation are collaborating “to stamp out the epidemic and return production to its full capacity as rapidly as feasible,” according to the statement.

Seventy percent of iPhone shipments worldwide are made by Foxconn, formerly known as Hon Hai Precision Industry.

Tags: China Covid lockdownChina's Covid control measuresChinese assembly plantiPhone deliveries
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

Related Posts

Court Blocks Trump’s National Guard Deployment to LA
News

Court Blocks Trump’s National Guard Deployment to LA

June 13, 2025
Disney, Universal Sue Midjourney Over AI-Generated Images
News

Disney, Universal Sue Midjourney Over AI-Generated Images

June 12, 2025
Austria Attacker Had Bomb-Making Plans at Home
News

Austria Attacker Had Bomb-Making Plans at Home

June 11, 2025
Next Post
LCCI seeks trade policy to match current international trade conditions.

LCCI seeks trade policy to match current international trade conditions.

Nigeria hosts a historical premiere of “Black Panther: Wakanda Forever”

Nigeria hosts a historical premiere of "Black Panther: Wakanda Forever"

ICPC launches bid for FG assets and monitors projects in 20 states.

ICPC launches bid for FG assets and monitors projects in 20 states.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Maddison and Jones Excluded from England’s Final EURO 2024 Squad

Maddison and Jones Excluded from England’s Final EURO 2024 Squad

1 year ago
Nigerian Anti-Corruption Agency Recovers Millions in Poverty Ministry Fraud Case

Nigerian Anti-Corruption Agency Recovers Millions in Poverty Ministry Fraud Case

1 year ago
Donald Trump’s Shocking Crypto U-Turn: What Does it Mean for the Future of Bitcoin?

Donald Trump’s Shocking Crypto U-Turn: What Does it Mean for the Future of Bitcoin?

7 months ago
Taiwan’s president makes a sensitive stop in the United States; Beijing forbids meetings

Taiwan’s president makes a sensitive stop in the United States; Beijing forbids meetings

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) abuja apc Arsenal buhari Business cbn chelsea china court Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government Governor health inec Israel lagos Manchester United Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

No Residuals, No Legacy: Omotola’s Cry Is Just the Start

Iran Launches Missile Strike on Israel After Generals Killed

Transfer Round-Up: Wirtz to Liverpool, De Bruyne Joins Napoli, Pogba Eyes Monaco Return

Iran Launches Massive Missile Barrage Against Israel, 17 Injured

Meta Makes AI Searches Public

Colombia Armed Groups Recruit Over 10,000 Child Soldiers

Trending

Victony Says 2021 Car Crash Made His Parents Support His Music Career
Entertainment

Victony Says 2021 Car Crash Made His Parents Support His Music Career

byAyobami Owolabi
June 14, 2025
0

Nigerian singer Anthony Ebuka Victor, popularly known as Victony, has shared how the 2021 car accident that...

Glass Lodged In My Head For 19 Years — Emeka Rollas

Glass Lodged In My Head For 19 Years — Emeka Rollas

June 14, 2025
Thunder Bounces Back To Beat Pacers And Tie N.B.A. Finals 2-2

Thunder Bounces Back To Beat Pacers And Tie N.B.A. Finals 2-2

June 14, 2025
No Residuals, No Legacy: Omotola’s Cry Is Just the Start

No Residuals, No Legacy: Omotola’s Cry Is Just the Start

June 13, 2025
Iran Launches Missile Strike on Israel After Generals Killed

Iran Launches Missile Strike on Israel After Generals Killed

June 13, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Victony Says 2021 Car Crash Made His Parents Support His Music Career
  • Glass Lodged In My Head For 19 Years — Emeka Rollas
  • Thunder Bounces Back To Beat Pacers And Tie N.B.A. Finals 2-2

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com