Foxconn reports drop in sales after China iPhone plant disruption?

Beijing, China, December 8, 2008 (ANI): Taiwanese multinational Foxconn reported a 11% drop in November sales compared to the previous year. This was due to shipments being affected by the Covid-19 epidemic in the Zhengzhou Chinese city. The company released a statement saying that it reported unaudited consolidated revenues of NT$ 551 billion for November 2022. This is a decrease of 29.04 percent MoM and 11.36 percent YoY (Year-on-Year).

“Due to production gradually moving off-peak seasonality, and a portion being affected by the epidemic in Zhengzhou,” November’s revenue declined MoM. The statement stated that the MoM decrease was in line with company expectations.

Zhengzhou Is the same Chinese city The company is headquartered in, the largest city in the world. Complex for assembly of iPhone The Strait Times reported that this is where most of the iPhone Pro handsets in the world are made.

The statement stated that “the overall epidemic situation is under control, with November being most affected by the epidemic.” The company has maintained close cooperation and contact with local authorities since October’s outbreak. The company has been in close contact and cooperation with the local government since the outbreak of the epidemic in October. Millions of people who were under restrictions since the outbreak of the pandemic have received relief from this announcement. (ANI)

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