Foxconn's November Revenue Drops 11% After Covid Outbreak at iPhone Factory - The Wall Street Journal

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https://www.wsj.com/articles/foxconns-november-revenue-drops-11-after-covid-outbreak-at-iphone-factory-11670239831

Foxconn Technology Group‘s November gross dropped 11% from a twelvemonth earlier aft shipments from Zhengzhou, the world’s biggest iPhone assembly site, were affected by a Covid-19 outbreak, the institution said Monday.

Foxconn’s November gross fell to 551.1 cardinal caller Taiwan dollars, equivalent to $18 billion, from NT$621.7 cardinal a twelvemonth earlier, the institution said.