Especially during the pandemic to technology companies This led to huge increases in the shares of technology companies. Then, due to global inflation and stagnation in the markets, the shares of technology companies began to lose value. Apple in terms of the value of the stocks with the delivery problems experienced. to the lowest level in the past 18 months. landed. Shares of the tech giant fell to $126 on Wednesday.

As is known, Apple has long been engaged in its manufacturing activities. Foxxcon and puts heavy pressure on other suppliers. After China’s strict Covid-19 measures, iPhone production faced serious problems due to workers’ criticism of the poor conditions at the Foxxcon factory.

Apple shares return to June 2021 levels

Apple last month rarely He made a statement that there may be supply issues to the public. iPhone 14 Pro and iPhone 14 Pro Max It was argued that the models may not be as highly distributed as previously expected due to limitations.

Taiwanese research agency TrendForcestated that production capacity at Foxxcon’s factories had exceeded 70% for the first time since the production shortfalls began. The problems experienced particularly affected the new iPhone models severely and caused weeks of delivery delays.

Due to Covid-19, China’s strict policies, economic uncertainties, which last for about a week Chinese New Year Factors such as these could cause lasting problems in Apple’s manufacturing process in the future. Apple is aware of the problems in China and has previously announced that it plans to move its production to Vietnam to overcome these problems in the long run.

Apple, whose value surpassed $3 trillion during the period when stock prices were at their highest, bounced back after the latest drop. $2 trillion approached the value band. Still, the technology giant’s depreciation in US stock markets is far from the worst depreciation among tech companies.