Apple has suffered supply disruptions stemming from COVID-19 lockdowns in China, but those have been easing.
| A steady slide in Apple shares pushed the iPhone maker’s market value below $US2 trillion , the latest casualty in the tech stock rout.
The milestone marks a fall from grace for Apple. The stock spent much of the past year outperforming the Swill ruin holiday sales, the company’s most important period. Apple, based in Cupertino, California, has suffered supply disruptions stemming from COVID-19 lockdowns in China, but those have been easing. Manufacturing partner Foxconn Technology Group has brought the world’s largest iPhone plant back to about 90 per cent of anticipated peak capacity.The Zhengzhou facility, known as iPhone City, produces the vast majority of high-end iPhone 14 Pro and Pro Max devices.
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