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Foxconn employees endure reduced salaries and benefits in wake of reduced Chinese iPhone demand

March 1, 2019

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In its first quarter results for 2019, Apple revealed it had seen a considerable drop in iPhone revenue in Greater China, accounting for “all of our revenue shortfall to our guidance and for much more than our entire year-over-year revenue decline.” For Greater China alone, revenue dropped 26.7 percent year-on-year from $18 billion for the quarter in 2018, down to $13.17 billion.

The reduced demand for iPhones has led to a cut in orders from Apple to suppliers, which a Friday report by the South China Morning Post reveals is affecting the assembly partner’s workforce at its plant in China’s Henan province.

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