Unrest Rocks Cities Across China as COVID Lock-down Protests Grow

the staff of the Ridgewood blog

Ridgewood NJ, Apple (AAPL) shares are declining on indications the COVID-19 unrest in China will limit production of iPhones . Protests in Chinese manufacturing hubs such as Zhengzhou are creating headaches for Apple executives and President Xi’s lieutenants who are becoming decreasingly concerned over the implosion of the Chinese economy .

After nearly three years of inhumane and brutish lock-downs and stay-at-home orders, Chinese freedom fighters are pushing back against Xi and the communist regime. There are even chants and signs demanding that Xi resign.

More than 20,000 iPhone workers have resigned due to not receiving bonuses and growing fears about a Covid-19 outbreak within the plant. Foxconn offered workers an exit payment equivalent to up to two months salary for new workers who wanted to leave. Up to 30% of production could be lost. iPhone 14 production is already falling behind in the run-up to the holidays. Apple has issued a warning that iPhone 14 Pro availability will be very constrained during the holiday sales period.

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