Foxconn founder Terry Gou made an official announcement that Foxconn’s refineries in China are proceeding as planned. The pace of production exceeded expectations. He noted that in the near future Foxconn plans to reach the usual level of production. However, a decline in consumer demand due to the ongoing outbreak of coronavirus will affect the profits of the company and its partners. Foxconn revenue in February fell by more than $ 1.6 billion due to the closure of enterprises and the need to send workers home. Foxconn is Apple’s main producer. One of the consequences of the outbreak of the coronavirus COVID-19 was the delayed production of the iPhone 9. Due to supply problems and non-working factories, Apple had to postpone the launch of the new inexpensive iPhone several times.
It is worth noting that for the first time in several weeks, less than 10 people a day become infected with coronavirus in China. The country announced that it has successfully overcome the worst outbreak phase. Life in China is slowly returning to normal. Companies and factories resume their work. However, in some countries the coronavirus came only now.