Many companies see that as a result of coronavirus, their sales have seen a significant decline. But not only the companies selling the final product are affected, but also the various components that are part of it, as happened with Foxconn, Major device manufacturer / integrator world technology.
Foxconn, Apple's primary provider has seen that their income decreased by 23.7%
Foxconn's profit in the fourth quarter of 2019 was estimated at Taiwan's $ 47.8 billion ($ 1.6 billion). During the same period last year, Foxconn made a profit in Taiwan of $ 62.6 billion ($ 2.07 billion). An Asian company He did not say the reasons
Foxconn battled the coronavirus in every way he could. At the beginning of 2020, he was forced to close its two main industries where the iPhone meets in China. When it reopened, it did so with less than 10% of its workforce and said that COVID-19 would undoubtedly affect their earnings throughout the year.
Last week Foxconn said it was already working. to the fullest extent, after hiring more workers at its factories in China and thus being able to satisfy the demand for the iPhone season.
Apple, on the other hand, has seen how their income increased 9% in the last quarter of 2019, and an 8% increase in iPhone sales according to analysts, as Apple stopped reporting iPhone sales figures in January 2019.
