Exclusive: Foxconn woes could hit at least 30% of iPhone Nov shipments from China plant - source
FILE PHOTO: The iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max are displayed at the Apple Fifth Avenue store, in Manhattan, New York City U.S. September 16, 2022. REUTERS/Andrew Kelly
TAIPEI (Reuters) - Production of Apple Inc's iPhones could slump by at least 30% at Foxconn's factory in China's city of Zhengzhou after worker unrest disrupted operations, a person with direct knowledge of the matter told Reuters on Friday.
The estimate was an upward revision of an October internal forecast for production impact of up to 30% at the world's largest iPhone factory, said the source, who sought anonymity as the information was private. Following this week's bout of worker unrest at the plant, the source added, it was "impossible" for the company to resume full production by the end of the month - a deadline it had set internally before Wednesday's wave of protests.
Foxconn declined to comment.
(Reporting by Yimou Lee and Taipei newsroom; Editing by Clarence Fernandez)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump Bought At Least $100,001 In Palantir Shares, Disclosure Shows - Bloomberg
- When their interests align, Trump and Roberts both win at Supreme Court
- Israel hasn't said who its soldiers abused. Two Gaza mothers think it's their son
Create E-mail Alert Related Categories
Reuters, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share