Both companies have suffered major losses over concerns about supply chain hiccups in China.
Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China.
Now they are facing a staffing crunch as China battles a Covid wave after lifting years of restrictions., a positive sign for many investors who are seeing an ease in supply chain movement in 2023. "Factories are going to experience labour shortages for at least 4-6 weeks as the wave passes through their production regions, and of course most migrant workers will go back to their home villages for the Lunar New Year at the end of January," says Simon Baptist, chief economist at The Economist Intelligence Unit.Production delays hit Apple supplier Foxconn earlier this year
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Pencil vs Apple Pencil 2: Which one is best?There are small differences between the two (not to mention price). So which one do you need, really?
Read more »
F1 2022 tech review: How Mercedes turned early-season pain into late victory joyHaving suffered the most extreme porpoising on the 2022 F1 grid, Mercedes found itself struggling to get to grips with its car early in the year. Here's a look at how the team turned pain into a late-season victory.
Read more »
F1 2022 tech review: How Mercedes turned early-season pain into late victory joyMercedes struggled to get on top of its W13 this season, but come the end of the campaign had taken something of a surprise 1-2 in Brazil. Here's how the F1 squad developed its troublesome 2022 steed into a race winner ⬇️
Read more »
Chaos reigned among the tech titans in 2022, and things have changed forever“I started the year optimistic that all the tech firms were moving to a more mature and regular way of life...but then the Twitter takeover happened, and Meta seem more and more driven by Mark [Zuckerberg’s] passion project.”
Read more »
Porsche: No fear of Le Mans Hypercar ‘tech war’ impacting 963 chances🗣“I’m not that worried about a technological war on that side.' Porsche motorsport boss Thomas Laudenbach believes the 963 FIAWEC programme is not at competitive risk by a potential spending war between rival Le Mans Hypercar manufacturers. ⬇️
Read more »
Porsche: No fear of Le Mans Hypercar ‘tech war’ impacting 963 chancesPorsche’s motorsport boss Thomas Laudenbach believes that its 963 program in the FIA World Endurance Championship is not at competitive risk by a potential spending war between rival Le Mans Hypercar manufacturers.
Read more »