Apple has dealt a blow over production of iPhone 12 as Hon Hai Precision Industry Co. Ltd. cut output by more than half at an Indian factory, according to Benzinga. The cut reflects a devastating second wave of COVID-19 infections that swept through Tamil Nadu India, where the factory is located.
The Hon Hai factory, also known as Foxconn, has a no-entry enforcement until end of May after at least 100 workers tested positive for coronavirus.
The factory gives accommodation to employees and has since been disinfected and continues to operate without entirely closing down.
The reduction of iPhone 12 output comes at a time Apple aims to diversify production away from China.
Apple and Hon Hai stocks are currently declining. AAPL: NASDAQ is down 2.04% on premarket, 2354: TPE is down 5.20%