The impact of China’s corona virus is expected to reduce iPhone production by 50% year-on-year.
Foxconn’s iPhone plants are located in Zhangzhou and Shenzhen, China, where 90% of the iPhone is manufactured.
Foxconn’s Zhangzhou’s workforce is about 160,000, but only about 10% have returned since the spring holiday, and the Shenzhen plant has not resumed production.
Foxonn plans to increase overall utilization by 80% in March. For the time being, iPhone production is expected to decline.
Foxconn pays 3000 yuan (about $ 400) per person if it returns before March 7th to increase plant utilization.