Explosion at Foxconn’s iPad factory derails May revenue

An explosion at Foxconn’s iPad manufacturing plant in Chengdu, China last month had a negative impact on the company’s business in May despite initial assurances to the contrary. Foxconn’s revenue last month dipped 2.14% sequentially to NT$200.56 billion, or approximately US$6.95 billion, following production halts tied to the fatal explosion that killed three workers and injured at least 15 more. The tragic accident, caused by the ignition of flammable aluminum dust in a parts polishing workshop, is thought to have cut iPad 2 production by as many as 500,000 units. Foxconn’s revenue in May was still up 23% compared to the same month last year.

Read

blog comments powered by Disqus