iPhone maker sees revenue slump as demand weakens
Apple's biggest supplier Foxconn says its revenue last month fell by 11.65% compared to the same period in 2022 due to weaker demand for electronics.Foxconn added that operations at the world's biggest iPhone factory in the Chinese city of Zhengzhou are recovering from Covid disruptions.said in a statement on Sunday
"Based on the revenue performance in the first two months, the outlook for first quarter 2023 is roughly in line with market expectation," the company added.after Chinese officials locked down a district in Zhengzhou where Foxconn's mega-factory is located., which disrupted manufacturing as thousands of workers left production lines.
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