Foxconn: optimistic forecasts for Apple’s supply chain
Apple battle for months to run its supply chain in a difficult context. Between the return of Covid in China and the multiplication of confinements, tensions remain high in the component supply chain. Foxconn announces perhaps the first real bright spot in this somewhat gloomy picture: the main assembler of iPhones and iPads has just announced revenue forecasts that exceed expectations ($16.6 billion in Q1). Young Liu, the CEO of Foxconn also confirms in the columns of Nikkei Asia that the factory confinements in China have “a limited impact” on the group’s activities.
The CEO also specifies that Foxconn’s performance in the months of April and May is higher than previous estimates. Foxconn therefore expects its year 2022 to show better results than in 2021. This small “miracle” would be due to the mode of operation of the confined factories, whose activity continues to continue in a closed circuit (the workers remain sleeping in the factory).
The happiness of some does not (necessarily) make the happiness of others: if Foxconn posts positive results, the same cannot be said of Pegatron and Quanta Computer, two other Apple suppliers, who recently published a figure of business down sharply (-35% for Pegatron, -40% for Quanta Computer).
