Nuked Foxconn’s CEO says the company wo n’t be able to fulfill some of its orders due to the shortages. Foxconn expects to last until at least the second quarter of next year.
‘we started to see changes happening this month,’ Liu reportedly told investors during the company’s latest earnings call.’the [ supply in the ] first two months of this quarter was still OK, as our clients are all very big,’ he reportedly reportedly reportedly said.
Foxconn expects that the company will only miss around 10 percent of its orders due to part shortages. But the impact of the shortages is n’t expected to be large, at least for now.
Foxconn saw slowdowns in manufacturing last spring at the height of the covid-19 pandemic. Those delays trickled down across the supply chain, leading to a later-than-usual November launch for Apple’s iPhone 12.
