Apple set to post rare revenue drop on China supply issues

Apple is expected by analysts to report its first decline in quarterly revenue in nearly four years after the Chinese Communist Party’s quixotic “Zero COVID” lockdowns during the quarter stymied iPhone production at its biggest assembler Foxconn.Reuters:The world’s biggest public company is expected to report on Thursday that iPhone sales fell about 5% for the all-important holiday quarter, according to Refinitiv. The last time iPhone sales slipped was in the August-Octob