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Weeks after expressing optimism about the global economy and its business, Apple Inc. warned Sunday that its sales will fall short of expectations because a key iPhone factory in China had been shut down by a coronavirus outbreak.
Nvidia is designing an advanced chip for the Chinese market that are designed to be compliant with US restrictions.
Apple said shipments of its newest premium iPhones will be lower than previously expected after China’s COVID-19 lockdowns affected a key factory.
The company said Covid-19 restrictions were slowing production of the company’s new phones ahead of the holiday season.
Weeks after expressing optimism about the global economy and its business, Apple on Sunday warned that its sales would fall short of expectations because a key iPhone factory in...