Foxconn’s optimism is supported by data on a decrease in the number of new coronavirus infections in China, although there are now several other major hotbeds for the spread of the disease worldwide, notes The Verge. Apple’s plans to resume production soon should appeal to Apple, but Foxconn is just one of many Apple’s Chinese partners involved in the process of making Cupertino devices.
Earlier, Apple released a financial report for the fourth quarter of 2019 (the first quarter of fiscal 2020), which announced record revenues. The company’s revenues from October to December amounted to $ 91.8 billion, up 9% from the same period in 2018. Quarterly profit was $ 22.2 billion, which also became a record in the history of Apple. Apple’s first-quarter 2020 revenue forecasts ranged from $ 63 billion to $ 67 billion, but in mid-February, the company said it no longer expected to hit this indicator due to the suspension production in China and lower appliance sales. Apple’s adjusted revenue forecast was not.
According to the latest data, more than 92,000 cases of a new type of coronavirus are registered worldwide, including 80,000 in China. 3,129 people died from the disease and 48,000 patients were cured. In recent days, the massive spread of the Covid-19 virus has been observed in Iran, Italy, and South Korea.
The day before, it became known that the Japanese company Sharp (owned by Foxconn) will start the production of face masks at the factory for the production of LCD panels and televisions in the city of Kameyama (Mie prefecture). Sharp’s plan calls for the production of 150,000 masks per day by the end of March, then the production volume can be increased to 500,000 masks per day.