The shares of Apple fell 2% in early trading Monday after it was reported that the company could see a production shortfall of nearly 6 million iPhone Pro models.
According to a source, Apple and Foxconn are expecting to be able to make up the shortfall in the next few years.
Apple didn't comment on the story.
Protests against China's zero- Covid policy have led to unrest at the factory. In mainland China, there have been cases of Covid-19 that have caused businesses to close. Protests against the lockdowns have been taking place across the country.
Food shortages, payments, and the company's handling of the Covid-19 outbreak are some of the issues that employees have protested. Last week, it was reported that workers smashed cameras and windows.
Last week, the company said that it will communicate with employees and the government to prevent similar incidents from happening. It will try its best to actively solve the concerns and reasonable demands of employees, as it continues to communicate with them.
The recent manufacturing disruptions are worrying analysts.
According to Counterpoint Research, delivery times for the Pro and Pro Max are delayed. Counterpoint said last week that customers could expect to wait 37 days for delivery. The regular Apple phone is still available.
China's "head scratching zero- Covid policy" is predicted to cause major iPhone shortages.
"We estimate that Apple now has significant iPhone shortages that could take off at least 5% of units in the quarter and potentially up to 10% depending on the next few weeks in China."
In a note published Sunday, JP Morgan was more optimistic, but still worried about the Chinese economy. The firm wrote that the challenges of returning to a normal level of production at the Zhengzhou facility could limit the pace with which supply-demand equilibrium can be reached.
Michael Bloom was a contributor to this report.
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