Foxconn Posts Sales Drop After IPhone Plant Disruption

The video discusses the impact of COVID lockdowns and protests in Jinjo, also known as iPhone City, on iPhone production and sales. Apple has reported slowed deliveries due to these disruptions. In November, Foxconn's sales dropped by 11.4% year-over-year. However, Foxconn assures that the situation is under control and expects production to improve. Bloomberg Intelligence suggests that China's easing of COVID policies may help December sales, potentially meeting or exceeding fourth-quarter expectations.

What is the significance of Junjou, also known as iPhone City?

• It is the largest assembler of the iPhone Pro.

• It is the main supplier of iPhone screens.

• It is the headquarters of Apple.

• It is the primary distributor of iPhones worldwide.

What additional factor, besides the lockdown, affected iPhone production in November?

• A cyber attack

• A natural disaster

• Protests at the factory

• A shortage of raw materials

How did Foxconn's sales perform in November due to the disruptions?

• Sales increased by 5%

• Sales decreased by 11.4%

• Sales increased by 11.4%

• Sales remained stable

What is Foxconn's outlook for the rest of the year?

• They plan to reduce production.

• They expect to miss their targets.

• They are uncertain about meeting expectations.

• They are optimistic about meeting full-year expectations.

How might China's policy changes affect December sales?

• They may help improve sales.

• They may lead to a production halt.

• They may have no impact.

• They may worsen the sales situation.