Apple Projects Billions in Revenue Loss Over Supply Constraints from China Amid Lockdowns

The newly renovated Apple Store at Fifth Avenue in New York City on Sept. 19, 2019. Johannes Eisele / AFP via Getty Images

Beijing’s strict COVID-19 control policies have significantly limited Apple’s consumer product output, according to one of its suppliers.

In April, the iPhone maker predicted that supply constraints would cost the company up to $8 billion in revenue for the current quarter.