Apple Supplier Foxconn Resumes Production After Coronavirus Outbreak

Foxconn, one of the primary producers of iPhones for Apple (NASDAQ: AAPL), has said it anticipates returning to full production by the end of March, after having been shut down due to the coronavirus outbreak.

The spread of COVID-19 is threatening to delay the introduction of Apple's new low-cost iPhone, which some are calling either the "SE 2" or "iPhone 9."

The device was supposed to begin production last month, but workers at Foxconn and Pegatron, another Apple supplier, had their Lunar New Year vacations extended due to the disease's spread. Apple said it would be unable to meet the quarterly revenue guidance of $63 billion to $67 billion it had previously provided as a result.

Source Fool.com