Pegatron Has Told Workers No Production At India iPhone Plant On Tuesday, Second Halt Day After Weekend Fire
Portfolio Pulse from Benzinga Newsdesk
Pegatron, a key supplier for Apple, has halted production at its India iPhone plant for the second day following a fire over the weekend, according to Reuters. This could potentially impact Apple's supply chain.
September 25, 2023 | 3:22 pm
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NEGATIVE IMPACT
Apple may face supply chain disruptions due to the halt in production at Pegatron's India iPhone plant.
Apple relies on Pegatron for iPhone production. The halt in production at the India plant could potentially disrupt Apple's supply chain, leading to delays in iPhone deliveries. This could negatively impact Apple's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The halt in production at Pegatron's India iPhone plant could potentially impact the performance of the iShares MSCI India ETF (INDA).
Pegatron's halt in production could potentially impact the broader Indian market, and by extension, the performance of the iShares MSCI India ETF (INDA). This is because Pegatron is a significant player in the Indian manufacturing sector.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60