Company chairman warns it remains difficult to quantify the full impact of a weeks-long disruption. FMTNews iPhone
TAIPEI: Hon Hai Precision Industry Co, Apple Inc’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe labour shortages brought on by the coronavirus outbreak.
Still, Chairman Young Liu warned it remained difficult to quantify the full impact of a weeks-long disruption, or gauge the effect on final demand for the swathe of consumer electronics it makes from laptops to game consoles. Apple scrapped its revenue guidance for the March quarter because of the work slowdowns and worsening demand, showing the outbreak was taking a bigger-than-predicted toll on one of the world’s most valuable companies.The contagion has disrupted Apple’s carefully calibrated production chain: Hon Hai was forced to postpone the reopening of its “iPhone City” mega-complex in the central city of Zhengzhou while it imposed strict quarantine measures on thousands of labourers.
Liu also said Foxconn was considering reducing its annual revenue outlook, confirming a Bloomberg News report. Hon Hai, which also makes products for companies from HP Inc to Sony Corp., has said it is restarting facilities throughout China in an orderly manner.
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