Apple supplier Foxconn expects to resume normal production by March-end: report

Apple supplier Foxconn said that it is expecting to resume normal production by the end of March addressing investor concerns regarding the impact of the coronavirus outbreak, Reuters reported on Tuesday.

The Taiwanese firm, which assembles Apple’s iPhones warned that revenue was expected to drop almost 15 per cent in the first quarter for businesses working in consumer electronics and enterprise products segments. The income will recover gradually after that as production returns to normal in China, the epicentre of the outbreak, the report said.

Foxconn chairman Liu Young-Way in an online investor conference, said that the company’s topmost priority was the prevention of the outbreak apart from bringing back work and production on track, the report said.