Foxconn Expects Revenue to Fall in Q4 2022, to Adjust iPhone Production to Avoid Impact on Holiday Demand

iPhone assembler Foxconn on Thursday said it would adjust its production to prevent impact on holiday orders. The cost impact of the COVID controls, including offering bonuses to retain workers, will be short term and Foxconn has been working with the government to resume normal production as soon as possible, Foxconn Chairman Liu Young-way said.

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