Apple CEO Tim Cook at a Foxconn factory.
Sources in China say Apple has reduced its orders from suppliers for almost all of its products, and the news has seen AAPL shares drop.
“Apple has alerted us to lower orders for almost all product lines actually since the quarter ending December,” a source said to be an Apple supplier manager, told the publication, “partly because the demand is not that strong.”
“The supply chain in China is still trying to cope with the latest abrupt policy turns,” continued the source, “which brought a shortage of laborers because of the sharp COVID surges.”
Reportedly, Apple has specifically cut its orders for AirPods, Apple Watch, and MacBooks, for the first quarter. It’s not know by how much the orders have been reduced.