Apple Supplier Foxconn Cuts Covid Rules at China iPhone Factory. The Damage Might Have Been Done. - Barron's

Foxconn is relaxing immoderate of the remaining Covid-19 restrictions astatine the world’s largest iPhone assembly site. The determination volition beryllium a alleviation to Apple but isn’t apt to travel successful clip to prevention it from taking a deed to iPhone income successful the abbreviated term. 

Foxconn (ticker: 3217.TAIWAN) is ending its “closed loop” strategy astatine the installation successful Zhengzhou that required workers to enactment successful their workplaces and dormitories to forestall the dispersed of coronavirus infections, the Associated Press reported, citing a institution connection connected WeChat Foxconn besides known arsenic Hon Hai Precision Industry, didn’t instantly respond to a Barron’s petition for remark aboriginal connected Thursday.