Robert Besser
28 Nov 2022, 20:25 GMT+10
TAIPEI, Taiwan: After thousands of employees quit, Foxconn's flagship Zhengzhou iPhone plant in China anticipates a reduction in November shipments, according to media reports.
Dissatisfied over strict Covid restrictions, workers at the Foxconn plat have quit, disrupting iPhone production before Christmas and January's Lunar New Year holiday, after some workers were either put into isolation or fled the plant.
Additionally, local media reported that Foxconn workers clashed with security personnel.
Factory officials have said that more than 30 percent of the factory's November production could be affected by the unrest.
The factory is currently Apple's only site that makes premium iPhone models, including the iPhone 14 Pro. Further, it is believed that the factory is unlikely to resume full production by the end of November.
"The worker unrest at Foxconn's plant in China could weigh on Apple's November iPhone shipments," Victoria Scholar of Interactive Investor said, as reported by Reuters.
"Apple is still viewed as one of the more resilient stocks in the tech sector... However, Apple continues to hold off from providing official guidance given the macroeconomic uncertainty," Scholar added.
Meanwhile, U.S. retailer Best Buy said last week that it expected high-end iPhones to be in short supply at stores this holiday season.
Media reports detailed how Foxconn's Zhengzhou iPhone factory saw workers smashing surveillance cameras and windows, which was confirmed with footage uploaded on social media.
Meanwhile, KGI Securities analyst Christine Wang said if the protests continued through December, some 10 million iPhones will not ship, which would be 12 percent lower than iPhone shipments in the last quarter of 2022.
The Zhengzhou plant, employs more than 200,000 workers. It has dormitories, restaurants, basketball courts and a football pitch, on an area of 15 million-square-feet.
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationBEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
Israel resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...
LIVINGSTON, Kentucky: CSX railroad said that a failed wheel bearing on a train car caused a derailment on November 22 ...
HELSINKI, Finland: After Finland joined the North Atlantic Treaty Organization (NATO) earlier this year, hundreds of migrants from the Middle ...
CHISINAU, Moldova: Over the weekend, heavy snowfall and strong blizzards in Romania, Moldova and Bulgaria left one person dead and ...
WASHINGTON D.C.: After a House Ethics Committee report found substantial evidence that he broke the law, New York Republican representative ...
BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade ...
NEW DELHI, India: On November 24, the Economic Times (ET) reported that Tesla is ready to invest up to $2 ...
Bhutan has reportedly been betting on cryptocurrencies for its financial futureBhutan, a South Asian nation nested in the Himalayas, has ...
(Photo credit: Alonzo Adams-USA TODAY Sports) During those games when the Los Angeles Lakers flash their full potential, the notion ...
New Delhi [India], December 1 (ANI): The Union Minister of Jal Shakti, Gajendra Singh Shekhawat released the Dynamic Ground Water ...
New Delhi [India], December 1 (ANI): Delhi Chief Minister Arvind Kejriwal is scheduled to meet the resilient rat miners who ...