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Foxconn sees slower revenue growth in Q1 on virus, but recovery after that

Tuesday 3 March 2020 | 11:51 CET | News
Apple supplier Foxconn says it now expects a 15 percent decline in first quarter revenues at certain operations, namely consumer electronics and enterprise products, but that recovery will take place after that as production returns to normal in China, Reuters reported. The company had earlier said it did not expect the coronavirus to have much effect on its production of iPhones. Apple meanwhile said slower production due the virus means it will not be able to meet forecasts for the second quarter.

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Categories: Mobile & Wireless
Companies: Apple / Foxconn
Countries: World
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