Foxconn’s Sales Plunge Amid Zhengzhou iPhone Factory Disruption - Caixin Global

Hon Hai Precision Industry Co. reported that income for November fell astir 30% from October owed to accumulation shortfalls from disruptions astatine a cardinal iPhone mill successful the Chinese metropolis of Zhengzhou.

The Taiwanese company, besides known arsenic Foxconn Technology Group, said the gross diminution was successful enactment with its estimate. The Covid outbreak successful Zhengzhou has been “brought nether control,” and accumulation volition amended done the remainder of the year, the institution said.