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.

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