Foxconn Revenue For The Current Quarter Receives Massive Hit Amidst Covid 19 Disruptions
Foxconn Raises COVID-19 Concerns as “Revenue Growth Will be Flat” For The Current Quarter Previously, Foxconn confirmed that the most prominent iPhone plant in Zhengzhou, China which handles almost 80 percent of the total iPhone production on a global scale was affected heavily due to the COVID-19 outbreak. Apple did not sweat much on the scenario and called it “controllable”. However, the situation inside the plant was much direr and workers had to leave for home despite Foxconn’s attempts to lure them with bonuses....