Tag: iphone plant china

iPhone Maker Foxconn Barely Grows Sales as Tech Demand Withers
6Apr By adminNo Comments
Technology

iPhone Maker Foxconn Barely Grows Sales as Tech Demand Withers

[ad_1] Hon Hai Precision Industry Co. increased revenue by only 3.9% last quarter, underscoring how fears of a recession are crimping demand for iPhones and other consumer electronics.The world's largest maker of Apple Inc. 's devices, known also as Foxconn, reported revenue of NT$1.46 trillion ($48 billion) for the usually slower March quarter. That's down steeply even from the previous three months, when a Covid outbreak prompted protests at its main Zhengzhou facility in central China, disrupting iPhone production for weeks. That complex, known as “iPhone City” for being the largest global production site for Apple's marquee device, resumed normal operations only in January. Analysts estimated revenue of NT$1.45 trillion on average for the first three months of the year. Hon Hai also...
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iPhone City Maintains Plant Curbs as China Tweaks Covid Approach
1Dec By adminNo Comments
Technology

iPhone City Maintains Plant Curbs as China Tweaks Covid Approach

[ad_1] iPhone assembly plant remains in a closed-loop operation that curtails workers’ movement on campus, potentially complicating the effort to resume full production. Apple Inc.'s most important iPhone assembly plant remains in a closed-loop operation that curtails workers' movement on campus, potentially complicating the effort to resume full production. Foxconn Technology Group is sticking with measures adopted weeks ago limiting staff movements in order to handle a Covid outbreak, according to a person familiar with operations, who asked not to be named as the information is not public. The closed-loop approach restricts workers to their dorms or the factory floor, minimizing the number of other people they come into contact with in hopes of containing the spread of the virus...
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China Adjusts Covid Restrictions in City With IPhone Plant
30Nov By adminNo Comments
Technology

China Adjusts Covid Restrictions in City With IPhone Plant

[ad_1] The Chinese city of Zhengzhou shuttered hundreds of buildings and apartment blocks hours after lifting broader lockdown measures. The Chinese city of Zhengzhou shuttered hundreds of buildings and apartment blocks hours after lifting broader lockdown measures, as officials strive to make their Covid controls more targeted in line with Beijing's directives. The city, home to Apple Inc.'s largest manufacturing site in China, said late Tuesday that it was lifting a lockdown of its main urban areas put in place five days ago as Covid cases climbed. Authorities then issued a lengthy list of buildings that would be declared high risk spanning the greater Zhengzhou region, which means they will continue to be subject to lockdown-style curbs.  The shift comes after China's top health of...
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Foxconn unrest risks iPhone shipments
26Nov By adminNo Comments
Technology

Foxconn unrest risks iPhone shipments

[ad_1] Foxconn's flagship iPhone plant in China is set to see a further reduction in November shipments. Foxconn's flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit. The world's largest Apple iPhone factory has been grappling with strict COVID-19 restrictions that have fuelled discontent among workers and disrupted production ahead of Christmas and January's Lunar New Year holiday, as many workers were either put into isolation or fled the plant. Following Wednesday's escalation that saw workers clash with security personnel, Foxconn could now see more than 30% of the site's November production affected,...
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China widens COVID curbs, Apple factory unrest adds to economy worries
23Nov By adminNo Comments
Technology

China widens COVID curbs, Apple factory unrest adds to economy worries

[ad_1] Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy. Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs.Across China, cities including the capital Beijing and financial hub Shanghai have closed malls and parks, and imposed limits on the movement of people arriving from elsewhere as infections neared record highs last seen in April. The measures are darkening the outlook for the world's second-largest economy and dampening hopes that China would significantly ease...
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Violence at China iPhone plant as FURIOUS workers smash spy cameras
23Nov By adminNo Comments
Technology

Violence at China iPhone plant as FURIOUS workers smash spy cameras

[ad_1] In shocking scenes of violence, men wielding sticks smashed surveillance cameras and windows at an Apple iPhone supplier Foxconn plant in the Chinese city of Zhengzhou. In shocking scenes of violence, men wielding sticks smashed surveillance cameras and windows at an Apple iPhone supplier Foxconn plant in the Chinese city of Zhengzhou.  Scenes broadcast live on the Kuaishou short video platform showed on Wednesday.Hundreds of workers protested at the campus, home to the world's largest iPhone factory, where many chanted "give us our pay". They were surrounded by people in full hazmat suits, some carrying batons. The images, which could not immediately be verified by Reuters, come after weeks of turmoil which have seen scores of employees flee the factory over COVID-19 controls....
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Shocking social media videos show PROTESTS at Apple iPhone factory in China over lockdown
23Nov By adminNo Comments
Technology

Shocking social media videos show PROTESTS at Apple iPhone factory in China over lockdown

[ad_1] Home Tech News Shocking social media videos show PROTESTS at Apple iPhone factory in China over lockdown Workers are protesting by carrying out a large-scale march at the Foxconn plant in Central China. By: AP | Updated on: Nov 23 2022, 14:09 IST People crossing downed barricades at Foxconn's iPhone plant in Zhengzhou, Central China. (REUTERS) People crossing downed barricades at Foxconn's iPhone plant in Zhengzhou, Central China. (REUTERS) Social media videos show worker protests at world's biggest Apple iPhone factory over pay disputes amid virus lockdown. Follow HT Tech for the latest tech news and reviews , also keep up with us on Twitter, Facebook, Google News, and Instagram. For our latest...
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Apple Trims iPhone 14 Output by 3 Million Units as Demand Cools
8Nov By adminNo Comments
Technology

Apple Trims iPhone 14 Output by 3 Million Units as Demand Cools

[ad_1] Apple Inc. expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, according to people familiar with its plans. Apple Inc. expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, according to people familiar with its plans. The company and its suppliers now aim to make 87 million devices or fewer, compared with a target of 90 million units earlier, the people said, asking not to be named discussing private information. The reduction is primarily due to softer demand for the iPhone 14 and 14 Plus models, cheaper alternatives to the high-end Pro offerings. That comes in addition to supply problems in places like Zhengzhou, which is home to the main iPhone assembly site and is under a ...
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iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout
8Nov By adminNo Comments
Technology

iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout

[ad_1] Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones. Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones for the rest of the year as it battles a coronavirus outbreak. Though deemed unlikely, the worst-case scenario for Foxconn's main listed unit, Hon Hai Precision Industry Co., would result in a 20% shortfall in expected sales for the current quarter, analysts led by Sharon Shih wrote in a research note Nov. 7. That would also entail a 36% drop in revenue from production of Apple Inc.'s iPhone. Foxconn, the Taiwanese manufacturer best known for being Apple's key d...
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Want iPhone 14 Pro or Max? Then read this
8Nov By adminNo Comments
Technology

Want iPhone 14 Pro or Max? Then read this

[ad_1] Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China. Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor's factory in central China. The company announcement Sunday gave no details but said the factory operated by Foxconn in the central city of Zhengzhou is “operating at significantly reduced capacity.” “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated,” the company said. “Customers will experience longer wait times to receive their new products.” Foxconn Technology Group said earlier it imposed anti-vi...
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