Foxconn Expects Revenue to Fall in Q4 2022, to Adjust iPhone Production to Avoid Impact on Holiday Demand

Foxconn Expects Revenue to Fall in Q4 2022, to Adjust iPhone Production to Avoid Impact on Holiday Demand

Apple supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders. Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant, the world’s…