ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

COVID chaos at Foxconn iPhone plant causes 29% revenue fall

World's biggest contract manufacturer says Zhengzhou outbreak under control

Foxconn says the COVID situation at its key Zhengzhou plant "has been brought under control, with November being the most affected period."   © Reuters

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."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more