As the Online magazine Asia Nikkei reports, Foxconn CEO Young Liu has spoken directly on the potential impact of the recent shutdowns and all other restrictions on iPhone production lines in China. Liu answered questions from the shareholders.
“The overall impact of the lockdown on Foxconn is rather limited. This can be seen from our April sales, and May’s performance is also better than we estimated,” Liu said, referring to the strict COVID containment measures in place imposed in and around Shanghai.
Foxconn reassures shareholders
“Foxconn had previously forecast that the company would hold levels similar to last year this year after inflation, the war [in der Ukraine] and other uncertainties have been taken into account, but we now believe the full year will be better than our estimate,” he added.
iPhone 14 production is underway
Foxconn thus confirms that the effects of the corona-related closures of the factories and China are rather limited – and are thus reacting directly to the rumors of a significant delay in the iPhone 14. The production of the iPhone 14 therefore seems to be in full swing unaffected.
These rumors have been floating around for the past week.
It’s rare for Apple or one of the group’s contract manufacturers to comment on a rumour, but in this case it must have been particularly important for Foxconn to deny the rumours.
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