Foxconn Unrest to Further Drag Down Apple's (NASDAQ:AAPL) iPhone Shipments

Foxconn Unrest to Further Drag Down Apple's (NASDAQ:AAPL) iPhone Shipments

The chaos at Foxconn’s Zhengzhou, China plant is expected to hit Apple’s (NASDAQ:AAPL) iPhone November shipments by over 30%, up from the previous estimate of up to 30%, as per a Reuters report that cited a person with direct knowledge of the matter. Production at Foxconn, which contributes about 70% of iPhone’s global shipments, is getting impacted by the departure of additional workers at the Zhengzhou plant. The Zhengzhou Foxconn plant, which was already facing COVID-related disruptions, was further hurt …