The daily business briefing: December 6, 2022

Foxconn says China iPhone factory COVID outbreak hurt November revenue, Textron's Bell wins contract to build Army's next-generation helicopter, and more

An iPhone
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1. Foxconn says COVID troubles at China iPhone plant dragged down November revenue

Foxconn Technology Group said Monday that its November revenue fell 11 percent compared to a year earlier due to the impact of COVID-19 restrictions and worker unrest at its Zhengzhou, China, factory, the world's biggest iPhone assembly facility. Foxconn has been working to contain a COVID outbreak at the China plant, which employs more than 200,000 people, since October. Foxconn has kept the facility operating by keeping workers on-site to limit contact with the outside. Thousands of employees have fled the site in recent weeks, many saying they were afraid they would catch COVID. Apple reported in early November that the disruptions were causing a decline in shipments of its high-end iPhone models.

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