India - Covid-19 Cases in India Halved iPhone 12 Production!

  India - Covid-19 Cases in India Halved iPhone 12 Production! India - According to a report published in Reuters, the production of Apple iPhone 12 at Foxconn factory in India decreased more than 50 %. The reason for this decline is that production workers caught in the Covid-19 infection had to leave their jobs. The Foxconn facility in Tamil Nadu state produces an iPhone exclusively for There, the world's number 2 smartphone market. In Tamil Nadu, one of the states worst affected by the second coronavirus wave surrounding India, public transportation was stopped and shops closed their shutters as of Monday. A Reuters news source said, “More than 100 Foxconn employees tested positive for Covid-19 and the company imposed an entry ban at its factory in the capital, Chennai, until the end of May.” Taipei-based Foxconn, the world's largest contract electronics manufacturer and a major supplier to Apple, said it provided support to its sick employees, including medical assistance. Foxconn declined to comment on ex-factory workers or declining staffing levels, while Apple did not make any statements. Apple AAPL (NasdaqGS) $126.85 -3.36(-2.58%) announced that it had begun assembling the iPhone 12 in there while a trade war was raging between Washington and Beijing. Thus, India has benefited from Apple's move to shift some production areas from China to other markets. Apple's CEO Tim Cook said in January that business in India doubled in the December quarter compared to the previous year.

India - According to a report published in Reuters, the production of Apple iPhone 12 at Foxconn factory in India decreased more than 50 %.

Also Foxconn stated, strong smartphone sales performed better than expected in the fourth quarter, which coincided with working from home. Market research firm Canalys said Apple's growth in India, which sold more than one million iPhones, increased in the first quarter. Canalys highlighted that the iPhone 12 demand is backed by local assembly and attractive financing offers. Taipei-based technology research firm TrendForce; Citing the impact of the rate of transmission in There on major vendors such as Samsung and Apple, global smartphone manufacturing dropped its growth forecast from 9,4 % to 8,5 % on Monday. In its report, TrendForce stated that if the epidemic continues to hit local production and sales in the second quarter, it will lower the forecast further and stated: "Smartphone brands are expected to closely monitor all device inventories and adjust their next production plans accordingly."  

Source: finance.yahoo.com

 

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