HomeStock MarketOn news of a slowdown in iPhone production in China, Apple shares...

On news of a slowdown in iPhone production in China, Apple shares drop.

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By lapaasindia
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  • Apple shares fell 1.9% on Friday following news that production of iPhones at Foxconn’s Zhengzhou facility in China would be reduced by 30% as a result of the worker unrest.
  • Employees at the workplace demonstrated over unpaid wages and onerous COVID-19 requirements.
  • Only the largest Apple iPhone manufacturing facility in the world produces luxury iPhone models, including the iPhone 14 Pro.

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