2022 revenue reached record high
Zhengzhou plant hit by unrest over COVID curbs, pay
Shares close slightly lower

TAIPEI, Jan 5 Reuters Taiwan39;s Foxconn, the world39;s largest contract electronics maker, said on Thursday output at its iPhone plant in China had basically returned to normal and December revenue, down 12.3 yearonyear, marked the start of a recovery.

Production of Apple iPhones faced disruption ahead of Christmas and January39;s Lunar New Year holidays, after curbs to control COVID19 prompted thousands of workers to leave Foxconn39;s factory lines in China39;s Zhengzhou city.

Although lower compared with the previous year, the company said revenue for December was better than it expected and that a gradual recovery at its Zhengzhou plant had contributed to doubledigit growth in revenue for its smart consumer electronics business compared to November.

A Foxconn source familiar with the matter, who could not be named because they were not authorised to speak to the press, said the growth in December compared to the month prior for its consumer electronics business, including smartphones, showed major client Apple did not cut orders.

A high base from a year earlier, when demand for smartphones revived after the early impact of the pandemic, also led to the yearly decline in revenue, the person added.

Revenue for 2022 rose 10.47 from the previous year to a record high, driven by growth across major product lines from smartphones to servers, the company…