Foxconn Expects a "Flat" 2023 as Covid Curbs Hit

Apple supplier Foxconn expects business to be “flat” in 2023 with rising inflation and Covid restrictions ramping up again in China, Nikkei Asia reported.

Chairman Young Liu said he expects demand for consumer electronics and smart electronics to be weak, said the report, adding that Foxconn has already taken a hit from Covid disruption at its key Zhengzhou factory.

Read the full report: Nikkei Asia

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Tags: Apple Covid-19 China

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.