OUTBREAK TO HIT IPHONE OUTPUT IF CHINA EXTENDS FOXCONN FACTORY
TAIPEI (Reuters) - Foxconn could see a “big” production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person with direct knowledge of the matter said.
Taiwan’s Foxconn (2317.TW), which makes smartphones for Apple (AAPL.O) and other brands, has halted “almost all” of its production in China after companies were told to shut until at least Feb. 10, the source said, adding that an extension of the stoppage could disrupt shipments to clients including Apple.