News Snapshot:
“We are working closely with our supplier to return to normal production levels while ensuring the health and safety of every worker,” Apple said in its statement. The shutdown is the second to affect Apple this year. It lost about $US4 billion ($6.2 billion) in sales of iPads and Macs over the spring and summer after factories outside of Shanghai were closed to limit the spread of COVID-19. Apple’s setback comes amid a larger downturn in the prospects for the tech industry. Shares of Alphabet, Amazon and Meta have tumbled this year amid an economic slowdown that has caused e-commerce...
