Foxconn’s COVID-19 woes may hit up to 30% of iPhone November shipments from Zhengzhou plant, say sources
The Hindu
Foxconn's factory in Zhengzhou assembles the majority of the company's global iPhone output, though Apple also produces the product in southern China as well as in India
Apple supplier Foxconn's COVID-19 woes at its vast iPhone manufacturing facility in China's Zhengzhou city could slash the site's November iPhone shipments by up to 30%, a source with direct knowledge of the matter said.
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The source, who declined to be identified as the information was private, said Foxconn is working to boost iPhone production at its factory in the southern city of Shenzhen.
Foxconn referred Reuters to a statement it released late on Sunday, in which the company said that the situation was gradually being brought under control and that Foxconn would coordinate back-up production capacity with its other plants to reduce any potential impact.
Apple did not immediately respond to a request from Reuters for comment. Shares of Foxconn, formally called Hon Hai Precision Industry Co Ltd., dropped 1.9% on Monday morning, compared to a 1.1% rise in the broader market.
Foxconn's factory in Zhengzhou assembles the majority of the company's global iPhone output, though Apple also produces the product in southern China as well as in India.
The plant, which employs about 200,000 workers, has in recent days been rocked by worker discontent over stringent measures to curb COVID-19 within the site.