As some parts of China went into lockdowns, Apple Inc.’s (NASDAQ: AAPL) supply chain partners had to shutter operations. This has engendered fears regarding whether the tech giant can produce enough to meet surging demand for its hardware products.
What Happened: Apple’s budget model iPhone SE assembled by Taiwanese contract manufacturer Pegatron is “in stock” on the company’s online stores in several countries even after the China lockdown, TFI International Securities analyst Ming-Chi Kuo said in a tweet.
The Apple analyst noted that demand for the product has been weak. In late March, the analyst lowered his iPhone SE shipment forecast for 2022 from 25-30 million to 15-20 million.
Pegatron, according to the analyst, …