Bloomberg:
Apple’s state-backed Chinese data center partner, Guizhou Cloud Big Data, says lockdowns have paralyzed the city of Guiyang, stopping workers from seeing family — China’s latest Covid lockdown has virtually paralyzed a city of 6 million that houses much of the country’s electronic information …
Juliana Liu / CNN:
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn’s iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory …
Che Pan / South China Morning Post:
Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China’s COVID-19 lockdowns and slower consumer spending — Chinese smartphone giant Xiaomi, which has an ambitious goal of unseating iPhone maker Apple from the No 1 spot globally by 2024 …
Jeanny Yu / Bloomberg:
Pinduoduo’s net income has more than tripled in Q2 2022 and its shares have soared 43% over the past month, as it emerges as a big winner amid China’s lockdowns — As Chinese consumers curb their spending in a pandemic-stricken economy, one discount e-commerce firm is emerging as a clear stock-market winner.
Tripp Mickle / New York Times:
Sources: amid lockdowns, Chinese staff and suppliers contributed more complex work to the iPhone 14 than to past models as Apple tries to cut its China reliance — Apple is taking small steps toward India. But the production of its latest phone, set for introduction on Wednesday, shows how difficult it will be to make big changes.
South China Morning Post:
Inside Zhengzhou’s “iPhone City” lockdown, where China’s zero COVID-19 policy, related propaganda and fears, and Foxconn’s missteps led to the worker riots — In a widely cited anecdote about the power of the Chinese workforce, a manager at an iPhone factory was once able …
Vlad Savov / Bloomberg:
Source: turmoil at Foxconn’s Zhengzhou hub is likely to lower iPhone 14 Pro production by close to 6M units in 2022, potentially worsening if lockdowns continue — Turmoil at Apple Inc.’s key manufacturing hub of Zhengzhou is likely to result in a production shortfall of close …
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