People look at iPhone 14s at an Apple store in Shanghai on November 11.

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China's "zero COVID" policy has hit Apple's supply chain, causing delays on iPhone production. Apple plans to expand production into India and Vietnam and eventually use a factory in Arizona. But relocating an entire supply chain is expensive, and it could cut into Apple's enormous margins.

When Apple's manufacturing hub in Zhengzhou, China, temporarily shut down in November, it was...

Continue Reading Apple is ready to leave China as COVID-19 protests delay iPhones past Christmas. That could take a decade and cost billions.