Saturday, November 26, 2022

Foxconn unrest risks iPhone shipments, weighs on Apple shares

Following Wednesday's escalation that saw workers clash with security personnel, Foxconn could now see more than 30% of the site's November production affected, up from an internal estimate of up to 30% when the labour issues erupted in late October, the source said. The world's largest Apple iPhone factory has been grappling with strict COVID-19 restrictions.

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