Foxconn confirms February revenue fell by $ 1.6 billion

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Dubai – Powered by Muhammad Faris © Unlimit Tech Filed by This topic Foxconn confirms February’s $ 1.6 billion revenue drop on Technology Without Borders.

Foxconn, one of Apple’s industrial partners, confirmed that February revenue fell significantly as a result of the Corona virus outbreak, as revenue decreased by 18%, or $ 1.6 billion, during February.

Apple had previously indicated that its March revenue forecast had changed as a result of the company’s declining production and the outbreak of the Corona virus, and again Foxconn made statements to reveal the impact of the Corona virus on revenue in February.

CNBC published a new report via Foxconn on the company’s February revenue of $ 7.26 billion, a decrease of $ 1.61 billion, or an annual decrease of 18% over February of the previous year in which the company’s revenue reached $ 8.87 billion.

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The report confirms that this decrease in revenue is the largest decrease witnessed by the company since 2013, on the other hand, Foxconn’s monthly revenue decreased by 40%, after a ban on reopening one of the company’s factories that specializes in the manufacture of iPhone phones, which continued to work for a period of 10% From his employees.

It is noteworthy that Foxconn’s previous statements indicated that it would return to work at its full capacity at the end of March, on the other hand, some reports still indicate that Apple will provide iPhone 12 phones on time without any change in their schedule.

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This topic Foxconn confirms February’s $ 1.6 billion revenue drop on Technology Without Borders.

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