According to DigiTimesThe infamous electronics manufacturer reported that March 2020 revenue increased by 59.9%. After Foxconn had to stop most of its production during the initial coronavirus outbreak in China, it has recently steadily returned to normal production capacity weeks. Initially suffering from loss of revenue, especially in the first three months of 2020, the company seems to be recovering. Although some of its production is still affected by travel restrictions, resulting in delays in product testing and other customer assistance. Half of the world ’s iPhones are produced at Foxconn. Other popular products include the iPad, iPod, and game console Nintendo 3DS. The PlayStation and Xbox will also be partially or fully produced in their factories.
It is expected that 2020 will be a difficult year for businesses, and almost all smartphone companies will suffer revenue loss. However, according to reports, Apple ’s revenue in the first quarter of 2020 was $ 56 billion, an 8% increase from last year. CNBC, Its The upcoming 5G iPhone It is expected to bring more profits to Cupertino. Of course, all of this has brought more business to its partner Foxconn.
For many years, Foxconn has been the subject of many controversies, the most striking being the allegations of poor working conditions. In 2012, when producing the Wii U game console, it was discovered that the company violated Nintendo's Corporate Social Responsibility Procurement Guidelines and admitted that children under 16 were employed in one of the factories.
Despite waves of negative concerns, Foxconn is still the world's largest electronics manufacturing service provider.