{"id":73305,"date":"2022-12-05T14:47:03","date_gmt":"2022-12-05T14:47:03","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/12\/05\/covid-restrictions-hit-iphone-maker-foxconn\/"},"modified":"2022-12-05T14:47:03","modified_gmt":"2022-12-05T14:47:03","slug":"covid-restrictions-hit-iphone-maker-foxconn","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/12\/05\/covid-restrictions-hit-iphone-maker-foxconn\/","title":{"rendered":"Covid restrictions hit iPhone maker Foxconn"},"content":{"rendered":"
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Apple supplier Foxconn says its November sales fell 11% compared to the same month in 2021, amid unrest at the world’s largest iPhone factory. <\/b><\/p>\n<\/div>\n

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The drop is due to the plant in Zhengzhou, China being hit by coronavirus restrictions.<\/p>\n<\/div>\n

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Revenue fell 29% compared to October, despite the company posting a record 5.9 trillion New Taiwan dollars (\u00a3160 billion) from January to November.<\/p>\n<\/div>\n

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That’s an increase of 13.5% compared to the same period in 2021.<\/p>\n<\/div>\n

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The electronics maker, which also makes gaming consoles like the PlayStation 5, has cited “strong sales” and “better supply of components” as reasons for its growth, attributing November’s decline to coronavirus restrictions.<\/p>\n<\/div>\n

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“The entire epidemic situation has been brought under control, with November being the hardest-hit period,” the company, which is headquartered in Taiwan, said in a statement.<\/p>\n<\/div>\n

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“[We] are gradually moving towards a return to normal production capacity.”<\/p>\n<\/div>\n

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Faced with dissatisfaction among its workers at the factory, Foxconn has tried to recruit new employees by offering a 1,000 yuan (\u00a3117) bonus to people who recruit a friend or family member.<\/p>\n<\/div>\n

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Footage widely circulated in November showed angry protests at the factory amid mass protests in China over the country’s zero-Covid policy.<\/p>\n<\/div>\n

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China has since signaled a change in its stance on Covid, easing some virus restrictions despite high daily case counts.<\/p>\n<\/div>\n

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Dozens of counties in Guangzhou and Shanghai were released from lockdown measures in early December.<\/p>\n<\/div>\n

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The country’s Deputy Prime Minister also announced that the country is facing a “new situation”.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Apple supplier Foxconn says its November sales fell 11% compared to the same month in 2021, amid unrest at the world’s largest iPhone factory. The drop is due to the plant in Zhengzhou, China being hit by coronavirus restrictions. Revenue fell 29% compared to October, despite the company posting a record 5.9 trillion New Taiwan […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-73305","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\nCovid restrictions hit iPhone maker Foxconn - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/12\/05\/covid-restrictions-hit-iphone-maker-foxconn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Covid restrictions hit iPhone maker Foxconn\" \/>\n<meta property=\"og:description\" content=\"Apple supplier Foxconn says its November sales fell 11% compared to the same month in 2021, amid unrest at the world’s largest iPhone factory. 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