{"id":23361,"date":"2022-12-09T10:23:57","date_gmt":"2022-12-09T10:23:57","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/covid-restrictions-hit-iphone-maker-foxconn-2"},"modified":"2022-12-09T10:23:57","modified_gmt":"2022-12-09T10:23:57","slug":"covid-restrictions-hit-iphone-maker-foxconn-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/covid-restrictions-hit-iphone-maker-foxconn-2","title":{"rendered":"Covid restrictions hit iPhone maker Foxconn"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Apple supplier Foxconn says its revenue in November is down 11% compared to the same month in 2021, following unrest at the world\u2019s largest iPhone factory.<\/p>\n

It says the drop is a result of its plant in Zhengzhou, China being affected by coronavirus restrictions. Compared to October its revenue was 29% down, despite making a record 5.9 trillion New Taiwan Dollars (\u00a3160bn) from January to November.<\/p>\n

That is an increase of 13.5% compared to the same period in 2021. The electronics manufacturer, also makes game consoles such as the PlayStation 5, has cited \u201cstrong sales\u201d and \u201cbetter components supply\u201d among the reasons for its growth, and blamed the drop in November on coronavirus restrictions.<\/p>\n

\u201cThe overall epidemic situation has been brought under control, with November being the most affected period,\u201d said a statement from the company, whose headquarters are in Taiwan.<\/p>\n

\u201c[We] are gradually moving toward the direction of restoring production capacity to normal.<\/p>\n

\u201d Protests affect production<\/p>\n

Foxconn has faced discontent among its workers in the factory, and has attempted to find new employees by offering a 1,000 yuan (\u00a3117) bonus to people who recruit a friend or family member.<\/p>\n

Footage circulated widely online in November showed angry protests at the factory, amid mass protests in China against the country\u2019s zero-Covid policy.<\/p>\n

Since then, China has signalled a shift in its Covid stance and moved to ease some virus restrictions, despite high daily case numbers. Dozens of districts in Guangzhou and Shanghai were released from lockdown measures at the beginning of December. The country\u2019s vice-premier also announced that the country was facing a \u201cnew situation\u201d.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Apple supplier Foxconn says its revenue in November is down 11% compared to the same month in 2021, following unrest at the world\u2019s largest iPhone factory. It says the drop is a result of its plant in Zhengzhou, China being affected by coronavirus restrictions. Compared to October its revenue was 29% down, […]<\/p>\n","protected":false},"author":84,"featured_media":23360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,171,241],"class_list":["post-23361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-china","tag-mauritius"],"yoast_head":"\nCovid restrictions hit iPhone maker Foxconn - Mauritius<\/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:\/\/www.africa-press.net\/mauritius\/all-news\/covid-restrictions-hit-iphone-maker-foxconn-2\" \/>\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=\"Africa-Press – Mauritius. Apple supplier Foxconn says its revenue in November is down 11% compared to the same month in 2021, following unrest at the world\u2019s largest iPhone factory. It says the drop is a result of its plant in Zhengzhou, China being affected by coronavirus restrictions. 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