Source: Zero Hedge
“The Impact Would Be Big” – Fears Rise Over iPhone Output As China Shutdown Continues A new report from Reuters details how Foxconn could soon realize a massive production hit and shipment plunge to specific customers, including Apple if factory shutdowns in China persist due to the coronavirus outbreak . A source told Reuters with direct knowledge of the matter that Foxconn, which makes Apple smartphones, has halted “almost all” of its production in China until Feb. 10. The source added that delays after Feb. 10 could dramatically impact Apple’s iPhone shipments abroad. The source told Reuters that Foxconn had experienced a “fairly small impact” from the outbreak as it immediately shifted production lines to Vietnam, India, and Mexico. The source also noted that if Foxconn facilities work overtime, they might be able to make up lost production, but there’s no certainty if that could happen. Last Monday, we were one of the first to note that Suzhou, one of the largest manufacturing hubs in China, told millions of workers not to return until Feb. 9.