Foxconn revises down Q4 outlook on Zhengzhou COVID woes

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FILE PHOTO: A pistillate carrying an umbrella walks past the logo of Foxconn extracurricular a company's gathering successful Taipei, Taiwan October 31, 2022. REUTERS/Carlos Garcia Rawlins

TAIPEI (Reuters) - Taiwan’s Foxconn, the world’s largest declaration electronics maker, said connected Monday it was revising down its outlook for the 4th fourth owed to COVID-19 power measures astatine a large mill successful China’s Zhengzhou.

“The company’s visibility for the 4th fourth was primitively ‘cautiously optimistic’, but owed to the pandemic affecting immoderate of our operations successful Zhengzhou, the institution volition ‘revise down’ the outlook for the 4th quarter,” it said.

Foxconn, Apple Inc’s biggest iPhone maker, is moving with the authorities determination to stamp retired the pandemic and resume accumulation to its afloat capableness arsenic rapidly arsenic possible, it added.

Reporting by Ben Blanchard; Editing by Daniel Wallis


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