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Coronavirus

Foxconn: China production to return to normal this month

iPhone supplier expects coronavirus to cut quarterly revenue by up to 15%

An employee enters Foxconn Science and Technology Industrial Park in Shanxi Province, China, on Feb. 22.   © Reuters

TAIPEI -- The world's largest contract electronics supplier Foxconn said Tuesday that the coronavirus outbreak would clip first quarter revenues by up to 15%, but expects a recovery next quarter as production returns to normal.

"It's going to have an apparent negative impact on our major product lines for the first quarter," Foxconn Chairman Young Liu told an investors call on Tuesday.

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