Tag: foxconn sales drop

[ad_1] Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak. Hon Hai Precision Industry Co. reported sales for November were down 11.4% from the prior year after some shipments were affected by a Covid outbreak in the Chinese city of Zhengzhou, where the company operates the world's largest iPhone assembly complex. The company, also known as Foxconn, said November was the most affected period by the pandemic and it expects the fourth quarter to be “roughly in line with market consensus.” The Covid outbreak led to government lockdowns, a worker exodus and violent protests at the manufacturing facility. The Zhengzhou campus in central China is where the bulk of the world's iPhone Pro ha...