TAIPEI (Financial Times) -- The chaotic handling of the COVID-19 outbreak at the world's largest iPhone plant caused a 29% revenue drop for Apple's manufacturing partner Foxconn in November, the first sequential contraction in that month in 12 years.
"At present, the overall epidemic situation has been brought under control, with November being the most affected period," Foxconn said. "In addition to reallocating production capacity of different factories, we have also started to recruit new employees, and are gradually moving towards the direction of restoring production capacity to normal."
