On Monday, Foxconn Technology Group said its November revenue dropped 11% from a year earlier after a Covid outbreak weighed on shipments from its facility in Zhengzhou, China. The so-called iPhone City is Foxconn’s factory where hundreds of thousands of Foxconn workers make Apple products. The Wall Street Journal on Dec. 3 reported that the iPhone maker has accelerated plans to shift some of its production outside of the country. Read More...
On Monday, Foxconn Technology Group said its November revenue dropped 11% from a year earlier after a Covid outbreak weighed on shipments from its facility in Zhengzhou, China. The so-called iPhone City is Foxconn’s factory where hundreds of thousands of Foxconn workers make Apple products. The Wall Street Journal on Dec. 3 reported that the iPhone maker has accelerated plans to shift some of its production outside of the country.
