Foxconn’s November revenue fell 11% after covid outbreak at iPhone factory

wsj

1 min read . Updated: 05 Dec 2022, 07:53 PM IST KOSAKU NARIOKA, The Wall Street Journal

REUTERS

Company says it is moving to restore production capacity after workers fled the Zhengzhou factory and violent protests broke out

Foxconn Technology Group‘s November revenue dropped 11% from a year earlier after shipments from Zhengzhou, China, the world’s biggest iPhone assembly site, were affected by a Covid-19 outbreak, the company said Monday.