Apple shares slip on report iPhone production taking a big hit from unrest at factory in China

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Apple shares slip on report iPhone production taking a big hit from unrest at factory in China
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Shares of Apple sold off Monday on concerns over iPhone production slowdowns in China.

Foxconn said last week that it will continue to communicate with employees and the government to prevent similar violent incidents from happening. It said it's also continuing to communicate with employees about payment concerns and that it will "try its best to actively solve the concerns and reasonable demands of employees."

Counterpoint Research released guidance Monday saying delivery times for iPhone 14 Pro and Pro Max are significantly delayed. Last week, customers could expect to wait 37 days for delivery, according to Counterpoint, the longest wait time since the models launched. Apple's regular iPhone 14 is still in stock.

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