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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.


Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

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