Apple supplier Foxconn in late March paused its operations in the key manufacturing city of Shenzhen after Chinese authorities locked down several major cities.
"Covid is difficult to predict," Apple CEO Tim Cook said on a conference call with analysts after the company reported its second-quarter results.
Foxconn Chairman Liu Young-way said the company has seen a more limited impact from the lockdowns than it anticipated, and it raised its outlook for the current quarter and the full year as a result, Nikkei said. Key manufacturing facilities have been operating at normal levels and product development is ongoing, the company said, according to Nikkei.
The comments don't necessarily mean Apple is totally in the clear from supply-chain constraints caused by Covid-19 lockdowns, or chip shortages, but it suggests the situation is at least improving for iPhone manufacturing. Apple's iPhone business generated $50.57 billion in revenue during Q2, a bulk of its $97.28 billion total revenue.
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