Apple supplier Foxconn intends to quadruple the workforce at its iPhone factory in India over the course of two years, indicating a production adjustment as it deals with disruptions in China according to two government officials with knowledge of the situation,
Tight virus restrictions at Foxconn’s Zhengzhou plant, the largest iPhone factory in the world, have made headlines lately, disrupting production and raising questions about how China’s virus policy will affect global supply chains. Apple’s sales outlook for the busy year-end holiday season has been dimmed as a result of the disruptions, which caused Apple to lower its forecast for shipments of the premium iPhone 14 models this week.
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Apple supplier Foxconn intends to quadruple the workforce at its iPhone factory in India over the course of two years, indicating a production adjustment as it deals with disruptions in China according to two government officials with knowledge of the situation,
Tight virus restrictions at Foxconn’s Zhengzhou plant, the largest iPhone factory in the world, have made headlines lately, disrupting production and raising questions about how China’s virus policy will affect global supply chains. Apple’s sales outlook for the busy year-end holiday season has been dimmed as a result of the disruptions, which caused Apple to lower its forecast for shipments of the premium iPhone 14 models this week.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
