Apple supplier Foxconn says December revenue fell 12.3% y/y

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TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, on Thursday said revenue in December dropped 12.3% year-on-year after production problems related to COVID-19 controls at a major iPhone factory in China’s Zhengzhou.

The company in a statement said production at the major iPhone factory in China “basically returned to normal” in December. It did not elaborate.