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CUPERTINO, Calif.--(BUSINESS WIRE)--Nov 6, 2022--
COVID-19 restrictions have temporarily impacted the primary iPhone® 14 Pro and iPhone 14 Pro Max assembly facility located in Zhengzhou, China. The facility is currently operating at significantly reduced capacity. As we have done throughout the COVID-19 pandemic, we are prioritizing the health and safety of the workers in our supply chain.
We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products.
We are working closely with our supplier to return to normal production levels while ensuring the health and safety of every worker.
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about expected product shipments and availability. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, war, terrorism, natural disasters, and public health issues, such as the COVID-19 pandemic; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.
NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or call Apple’s Media Helpline at (408) 974-2042.
© 2022 Apple Inc. All rights reserved. Apple, the Apple logo, and iPhone are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
View source version on businesswire.com:https://www.businesswire.com/news/home/20221106005087/en/
CONTACT: Press Contact:
Josh Rosenstock
Apple
jrosenstock@apple.com
(408) 862-1142Investor Relations Contact:
Tejas Gala
Apple
tgala@apple.com
(669) 227-2402
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: SOFTWARE HARDWARE DATA MANAGEMENT CONSUMER ELECTRONICS WEARABLES/MOBILE TECHNOLOGY TECHNOLOGY APPS/APPLICATIONS MOBILE/WIRELESS
SOURCE: Apple Inc.
Copyright Business Wire 2022.
PUB: 11/06/2022 05:45 PM/DISC: 11/06/2022 05:46 PM
http://www.businesswire.com/news/home/20221106005087/en