Apple’s biggest supplier experienced revenue decline even before COVID-19

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Foxconn Wisconsin
Foxconn hasn't given a reason for the decline.
Photo: Foxconn

Major Apple supplier Foxconn’s net profit plummeted 23.7% in the fourth quarter of 2019, the company has revealed.

While Foxconn has been hit hard by COVID-19, this period actually ends before the extent of the coronavirus became clear. The quarter in question ended December. The earliest known infection of coronavirus occurred on 17 November 2019 in Wuhan, China.

COVID-19 won’t delay 2020 iPhone, but future products could suffer

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iPhone XS box gold
iPhone might be okay for now, but Apple isn't out of the woods yet.
Photo: Ste Smith/Cult of Mac

The ongoing COVID-19 pandemic won’t stop Apple from launching its 2020 iPhone lineup on schedule, according to a new report published Monday — but it could cause “disruptions” for future Apple products.

Cupertino’s largest manufacturing partner, Foxconn, is slowly recovering after the coronavirus outbreak last month caused huge labor shortages and factory closures. But Bloomberg warns Apple isn’t out of the woods yet.

Leading Apple analyst confident 5G iPhone will launch this fall

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2020 iPhone 12 concept has a 99% screen to body ratio.
Apple was well-prepared for a global pandemic.
Photo: Pallav Raj/ConceptsiPhone

A leading Apple analyst is confident Apple will deliver its first iPhone with 5G this fall — despite a Wednesday report that suggested this year’s handsets could be delayed due to COVID-19.

“We have a different view,” wrote Gene Munster of Loup Ventures on Thursday. Muster has outlined several reasons why an iPhone refresh is still likely to come in 2020.

iPhone-makers in India suspend production for COVID-19 lockdown

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india.iphone
Foxconn and Wistron plants in India are out of action for now.
Photo: Carnegie Council

iPhone assemblers in India have been forced to suspect production due to a country-wide COVID-19 lockdown, according to a report published on Wednesday.

Facilities owned by Foxconn and Wistron are out of action for now. Production won’t resume until Prime Minister Narendra Modi’s government lifts new lockdown measures.

All major Chinese plants stand ready to crank out 2020 iPhones, Foxconn says

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Coronavirus-related shutdowns continue to disrupt Chinese factories.
Chinese factories are just starting to recover from the impact of COVID-19.
Photo: Steve Jurvetson/Flickr CC

China’s production pipelines are finally getting back into full swing just in time to start building the 2020 iPhone.

Foxconn, Apple’s top iPhone assembler, says it has hired enough workers at all major Chinese plants to meet seasonal demand for iPhone production, in what could be a strong signal that the labor shortages in China caused by COVID-19 are starting to get back to normal.

iPhone component supplies return to pre-COVID-19 levels, Foxconn says

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Terry Gou
Foxconn founder Terry Gou (right) says supplies to assembly plants in China and in Vietnam have returned to normal.
Photo: Voice of America/Wikimedia Commons

It’s apparently nearly back to business as usual at Foxconn, the company that assembles most iPhones. Its general manager says plants in China and Vietnam are once again getting the components they need.

Production had been tremendously slowed by the COVID-19 outbreak in China, but the epidemic is now nearly over in that country.

Apple’s biggest contract manufacturer had a rough February thanks to COVID-19

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iPhone sales drive Apple’s biggest supplier to big profits
Foxconn had its worst February in a long time.
Photo: CBS

Apple’s biggest contract manufacturer, Foxconn, endured a rough February as the COVID-19 coronavirus outbreak worsened in China.

The company, which is also the world’s biggest electronics manufacturer, suffered its biggest monthly drop in revenue in around seven years. Its earnings, announced Thursday, show an 18.1% decline in revenue versus the same period last year. This marks the company’s third straight month of decline.

Apple’s biggest manufacturer says production will return to normal by end of March

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Coronavirus-related shutdowns continue to disrupt Chinese factories.
Coronavirus has severely impacted Foxconn production.
Photo: Steve Jurvetson/Flickr CC

Apple manufacturer Foxconn hopes to resume regular production in China by the end of March.

Foxconn’s operations, which include iPhone production lines, have been severely impacted by the outbreak of the COVID-19 virus. The world’s largest electronics contract manufacturer previously said it expects its full-year revenues to take a hit.

Apple supplier hires ‘SARS hero’ to help it battle back against coronavirus outbreak

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Foxconn employees accused of $43 million iPhone scam
Tim Cook meets with a Foxconn assembler during a previous trip to China.
Photo: Apple

Apple manufacturer Foxconn, the world’s largest contract electronics manufacturer, has hired a man dubbed the “SARS hero” by Chinese state media as part of its efforts to combat the spread of coronavirus.

83-year-old scientist Zhong Nanshan is credited with finding the right way to treat SARS, the severe acute respiratory syndrome caused by a novel coronavirus, which spread between late 2002 and mid-2003. Foxconn says that he will act as a consultant for its coronavirus prevention and rehabilitation efforts.