Foxconn, Apple supplier, reported that its January monthly sales have hit record high after Covid-19 pandemic. The company said in an update that the revenue hit $22 billion or 660.4 billion Taiwan dollars. Compared to a year ago, it means that it is 48% higher-ever level. Meanwhile, compared to the previous month, the revenue was above 5%. According to Foxconn, there was a strong rebound in Zhengzhou, central China. This is because the bloc is the center of the world’s largest iPhone factory. Although last year was quite tough due to Covid-19 restrictions and workers’ protests.
In a statement Foxconn argued that the operations are returning to normal, thus the product shipments improved. The company added that a better component supply could help boost the sales. In addition, many products have shown strong double-digit growth. For example, smart consumer electronics like laptops and tablets have shown significant growth. According to the data, Foxconn’s Zhengzhou campus is famous for iPhone city. Although the bloc encountered many setbacks during Covid-19, it is roaring to life.
Previously in October, the workers left the site due to Covid-19 restrictions and shortages of food. Then, the company offered bonuses for the workers to return. However, a month later in November another protest broke. Before the company offered cash to quit and leave the site, workers made chaos against securities. Due to this protest, analysts predict that Apple would have a hard time to diversify its supply chain. Foxconn has managed to stabilize its operations. Even Chinese state media has reported that the Zhengzhou plant has returned to normal. Later, the company announced that they had gained more confidence.
