ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Apple braces for revenue hit of up to $8bn on Shanghai lockdown

China demand slows, silicon in short supply but most assembly plants back online

Apple's revenue grew nearly 9% on the year in the quarter ended in March.   © Reuters

PALO ALTO, U.S. -- Apple on Tuesday posted record revenue for the quarter through March, driven by robust iPhone sales. But the U.S. technology giant faces a tougher road ahead as sales growth in China slows and coronavirus-related lockdowns paralyze its supply chain hub there.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more