Revenues at Foxconn, Apple’s biggest manufacturing partner, fell sharply in November during a crucial pre-holiday period, in the latest signal of the damaging impact of its chaotic handling of a Covid-19 outbreak at the world’s largest iPhone plant.
Foxconn reported NT$551bn (US$18bn) in revenue last month, down 29 per cent from October and 11 per cent from a year earlier. It is the first time in 12 years that the company has announced a month-on-month fall in November, a time of high production to meet Christmas sales.
The company did not mention the iPhone, but said the drop in smart consumer electronics products — which includes smartphones — was because of “a portion of shipments being impacted by the epidemic in Zhengzhou”, where a coronavirus outbreak in Foxconn’s largest plant has led to weeks of disruption and a revolt by workers.