Caixin
Dec 06, 2022 04:09 AM
BUSINESS

Foxconn’s Sales Plunge Amid Zhengzhou iPhone Factory Disruption

Foxconn’s iPhoneFoxconn's Zhengzhou factory accounts for 80% of iPhone 14 capacity and more than 85% of iPhone 14 Pro capacity.
Foxconn’s iPhoneFoxconn's Zhengzhou factory accounts for 80% of iPhone 14 capacity and more than 85% of iPhone 14 Pro capacity.

Hon Hai Precision Industry Co. reported that sales for November fell nearly 30% from October due to production shortfalls from disruptions at a key iPhone factory in the Chinese city of Zhengzhou.

The Taiwanese company, also known as Foxconn Technology Group, said the revenue decline was in line with its estimate. The Covid outbreak in Zhengzhou has been “brought under control,” and production will improve through the rest of the year, the company said.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST