COVID rules hurt iPhone maker Foxconn
Foxconn, an Apple supplier, says its November sales were down 11% from the same month in 2021. This is because of problems at the world’s largest iPhone factory.
It says coronavirus restrictions at its plant in Zhengzhou, China, are to blame for the drop.
Even though it made a record 5.9 trillion New Taiwan Dollars (£160bn) from January to November, its sales were down 29% from October.
Compared to the same time in 2021, that is a 13.5% rise.
The electronics company, which also makes game consoles like the PlayStation 5, grew because of “strong sales” and “better component supply.” However, coronavirus restrictions caused the drop in November, the company said.
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Source — California Observer
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