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