We could be about see some price rises all round when the full impact sets in.
👉 Background: Shanghai announced a COVID crackdown in March, introducing a new 'zero-COVID' policy (which is as brutal as it sounds).
👉 What happened: Three major Apple suppliers have had to shut shop in and near Shanghai as a result of the lockdown: iPhone assembler Pegatron, MacBook maker Quanta, and iPad maker Compal Electronics.
👉 What else: All three suppliers are out of action for the foreseeable future, and if this goes on for much longer we could be out of much more than just iPhones📱.
💡When China is locked down, a lot of the world's key brands are locked out.
💡 Apple manufacturers 42% of its products in China. But it ain't just Apple. Shanghai is a global manufacturing hub known for supplying companies with steel, cars, electronics and clothing.
💡 By investing so heavily in one area, Apple and co haven't hedged their bets, meaning we could be about to see some price rises all round.
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