Apple supplier Foxconn puts iPhone base into quarantine

Hon Hai Precision - also known also as Foxconn - cut its 2020 revenue outlook after deciding to impose strict quarantines at its main iPhone-making base, a measure to guard against the coronavirus outbreak that may hurt Apple.

Hon Hai, which makes the vast majority of the world’s iPhones from the central Chinese city of Zhengzhou, officially resumes production on February 10 after an extended Lunar New Year break.