Foxconn Production Ramping Up But Supply Chain Worries Remain
The speed at which Foxconn production has resumed following the coronavirus closures and slowdowns has ‘exceeded expectations,’ according to company founder Terry Gou. The company hasn’t, however, revealed what those expectations were, and it has warned that there may be supply-chain problems ahead … Apple’s primary iPhone assembler had previously said that its February revenue dropped by more than $1.6B as a result of some plants being closed and others poorly-staffed....