Business Maverick: Foxconn Reports Big Sales Drop After IPhone Plant Disruption

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 84%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak in the Chinese city of Zhengzhou, where the company operates the world’s largest iPhone assembly complex.

Foxconn offered reassurances that the situation has been “brought under control” and that its production will improve through the rest of the year.

“In addition to reallocating production capacity of different factories, we have also started to recruit new employees, and are gradually moving toward the direction of restoring production capacity to normal,” Foxconn said in the statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investec Life says mental health is a ‘hidden crisis’ facing insurance industryData from the SA College of Applied Psychology shows that only 27% of severe mental illnesses in country are treated Am not surprised. Pouring your hard-earned lucre into these (insatiable?) corporate schemes every month must be a helluva stress on the head. 'It's all in the mind' (W. Burroughs)
Source: BDliveSA - 🏆 12. / 63 Read more »

Africa gears up for auto industry free tradeAutomotive manufacturers and officials are optimistic that the legal instruments needed for free trade in Africa will be agreed by the middle of next year.
Source: SundayTimesZA - 🏆 47. / 51 Read more »