News Snapshot:
COVID-19 cases are rising in China again and that is likely to have an impact on the consumer electronics market. As per Reuters, analysts predict shipments of some Apple products will face delays if the lockdown continues for a few more weeks. Apple’s supplier Pegatron has already suspended its plants in Shanghai and Kunshan, as per guidelines issued by the Chinese government. Pegatron reportedly manufactures the iPhone 13, the iPhone SE, and some other products, and the shutdown of production lines for a long time will impact shipments of these products. Additionally, Quanta Computer Inc, which produces three-quarters of MacBooks...
