Covid-19 issues in China are still hampering manufacturing of Apple Inc.’s AAPL 3.14%increase; green up pointing triangle iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people involved in the supply chain.
Models such as the iPhone 14 Pro Max, which starts at about $1,100, are integral to Apple’s strategy of increasing revenue when growth in the overall global smartphone market is slowing. That strategy took a hit in October when Covid-19 outbreaks hit the main manufacturing base for iPhone Pro models, operated by Foxconn 2317 -0.80%decrease; red down pointing triangle Technology Group in the central Chinese city of Zhengzhou.