Due to severe production reductions at a big plant in China that was impacted by COVID-19 regulations, Apple Inc. anticipated on Sunday lesser shipments of the high-end iPhone 14 models than had been previously predicted.

The iPhone 14 Pro and iPhone 14 Pro Max models are still in high demand, according to Apple, which said in a statement that 'the facility is now functioning at substantially reduced capacity.' However, compared to what we had previously predicted, we now anticipate fewer shipments of the iPhone 14 Pro and iPhone 14 Pro Max 'It read.

Due to tighter COVID-19 limitations in China, production of Apple's iPhones could decline by as much as 30% in November at one of the largest plants in the world.

The market research company TrendForce announced last week that it has decreased its expectation for iPhone shipments for the December quarter by 2-3 million units, from an earlier estimate of 80 million, as a result of the issues at the Zhengzhou facility. It continued by saying that after investigating the issue, it found that the factory's capacity utilisation rates were at about 70%.

Customer wait times for new products will be lengthier, according to Apple, which began selling the new iPhones in September. Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina, stated: 'Anything that affects Apple's production definitely affects their share price.'

A day after health officials announced they would maintain tough coronavirus limitations, China on Sunday revealed the greatest number of new COVID-19 infections in six months, presumably disappointing recent investor hopes for a softening.