Nikkei Asian Review:
Foxconn, the top assembler of Apple’s iPhones, said it has secured enough workers to meet “seasonal demand” at all major Chinese plants, stressing a steady recovery from the labor shortage caused by the novel coronavirus epidemic on the mainland.
The company is expected to hit a peak production period after July to manufacture iPhones for release in the fall.
This is certainly good news for Apple and for the economy. But it only addresses the supply side of the equation. It remains to be seen when demand for electronics will recover, given the massive impact the coronavirus crisis has had on the stock market, jobs, and buyers’ budgets.