Coronavirus: fear of a longer closure of Foxconn factories

So far, the coronavirus crisis has had little impact on Foxconn’s production capacity, a source said. Reuters. The Taiwanese giant takes advantage of its factories based in Vietnam, India and Mexico to compensate for the closure of its Chinese lines. The latter will remain closed between 8 and 10 February.

But if by chance the Chinese authorities decided to postpone further the revival of the activity of the country, which has been idling since the lunar new year to prevent the spread of the coronavirus epidemic, then things would become more complicated for Foxconn and for its customers. First Apple.

Beyond February 10, deliveries by the industrial giant would indeed be compromised. And even more if the reopening of factories is postponed by a month, alarms this source. The Foxconn factories based in Zhengzhou, nicknamed “iPhone City”, would then bear the brunt of this additional delay.

Ming-Chi Kuo, the knowledgeable analyst at TF Securities, has lowered his iPhone delivery forecasts for the first quarter. A relatively limited contraction of 10% compared to its initial estimates. However, this percentage could increase if the Foxconn factories are extended for health reasons.




Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

On Key

Related Posts

Xiaomi : new computers-price tight Ryzen

Xiaomi is no more, and for a long time, a simple manufacturer of smartphones. The catalogue of the manufacturer has far more devices, and the


The five reasons for St. Maarten to regain the hope

1. Do not sing victory Saint Martin snapped his arm to the AFA? In any way. Just took an important step. The rapprochement achieved in


Medical professionals trained at a university with identity chaco

“When I heard about this initiative I was shocked that a university in the North has started a Medical career”. Dr. Damian Verzeñassi, director of


Virus complicates plans for hurricane season in the united States

Authorities in the southern united States are still adjusting their plans for the hurricane season that begins already while the crisis persists coronavirus. The big