Foxconn earnings forecast a good sign for Apple's embattled Chinese supply chain

Apple's supply chain crunch in China may not be as bad as once feared, as assembly partner Foxconn offers an optimistic financial forecast for the rest of 2022.The supply chains of Apple and other companies centered in China are encountering production issues, primarily caused by strict COVID-19 rules. With lockdowns preventing workers from going to factories, firms have had to scramble to keep production levels high, typically by diverting workflow to other facilities.Along with other global issues, such as the Ukraine war and rampant inflation, the supply chain is thought to have weakened. However, according to Foxconn, things aren't as bad as analysts may think. Read more...