Foxconn S Q1 Sales Fall 12 Year On Year On Coronavirus Issues
Foxconn’s Q1 sales fell 12% year-on-year, announced the company today, with disruption due to the coronavirus likely the main reason for this. Lockdowns in China began at the end of January, with many Foxconn workers unable to travel home from a national holiday… Background The coronavirus outbreak in China coincided with the new year celebrations that began on January 25. It’s common for people to travel long distances to be with their families, meaning that many were unable or unwilling to return to major cities once the lockdown started in the country....