Covid restrictions hit Foxconn iPhone maker

Apple supplier Foxconn have said its revenue in November is down 11% compared to the same month in 2021, following unrest at the world’s largest iPhone factory.  It says the drop is a result of its plant in Zhengzhou, China being affected by coronavirus restrictions. Compared to October its revenue was 29% down, despite making a record 5.9 trillion New Taiwan Dollars (£160bn) from Jan to Nov. which is an increase of 13.5% compared to the same period in 2021.

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5TH December