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| iPhone production decreased by about 6 million due to protests in China |
Shares of Apple fell 2% on Monday after Bloomberg reported that the company could see production outages for about 6 million iPhone 14 Pro phones amid disruptions at Foxconn factories in China.
Citing sources, Bloomberg reports that Apple and its device maker Foxconn should be able to catch up by 2023.
Foxconn's unrest comes amid protests in China against the government's tough coronavirus policy, with the number of cases rising at a record pace in recent days, prompting many major cities to declare home quarantines and business closures.
Protests against factory closures have broken out across the country, including at Foxconn's iPhone assembly plant in Zhengzhou, China.
Foxconn workers are protesting food and wage shortages and the company's handling of the COVID-19 outbreak. Reuters reported last week that employees broke cameras and windows at some of the protests.
Foxconn said last week it would continue to communicate with employees and the government to prevent similar abuses. He added that he will continue to communicate with employees about payments and will "make every effort to address reasonable concerns and requests from employees."
Analysts are worried about a short-term production halt ahead of the holidays. On Monday, market analysis firm Counterpoint Research released a statement that the iPhone 14 Pro and iPhone 14 Pro Max delivery dates have been significantly delayed.