Foxconn Cuts Outlook, Quarantines IPhone Base

Foxconn Cuts Outlook, Quarantines IPhone Base

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Business

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Before the coronavirus outbreak, Foxconn aimed for a 3-5% growth. However, due to the virus, the outlook was cut by 2%, equating to a week's revenue. Despite this, high shares remained stable. Foxconn's Chinese facilities, including the iPhone city in Kenzo, will implement quarantine measures for returning workers, affecting operations until February 10th.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Foxconn's initial growth expectation for the year before the coronavirus outbreak?

1% to 2%

3% to 5%

5% to 7%

7% to 9%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how many percentage points did Foxconn revise its growth outlook?

1 percentage point

3 percentage points

4 percentage points

2 percentage points

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the estimated impact of the revised outlook on Foxconn's revenue?

One day worth of revenue

One week worth of revenue

One year worth of revenue

One month worth of revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Foxconn's shares react to the revised outlook?

Shares increased by 5%

Shares decreased by 20%

Shares were unaffected

Shares remained largely stable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What quarantine measure is Foxconn implementing for workers returning to the iPhone city?

21 days quarantine

14 days quarantine

7 days quarantine

10 days quarantine