iPhone maker Foxconn will stay shut in China for another week at least

Foxconn has stopped “almost all” of its production in China until February 10th at the earliest due to the coronavirus outbreak, according to both Reuters and Bloomberg. A lengthy stoppage could substantially disrupt Foxconn clients, the most visible being Apple, from shipping devices to customers.

Last week, Apple CEO Tim Cook told investors that the company’s revenue projections for the upcoming quarter reflected a delay in reopening production facilities. Apple also closed its stores and offices through February 9th. Half of the world’s iPhones are said to be made at Foxconn’s “iPhone City” in Zhengzhou, China, where as many as 350,000 people work side-by-side to assemble Apple’s most profitable product. Nearly all of the world’s...

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