Trendforce Cuts iPhone Estimate After Foxconn Delay

 Foxconn has now received approval to resume operations at the Shenzhen facility, according to Reuters sources.

About 20,000 people or 10% of the facility’s workforce returned to work as of Monday.

Original: Hon Hai/Foxconn received approval to resume production at its Zhengzhou facility but hasn’t been allowed to start back up in Shenzhen, according to Reuters sources.

Foxconn mainly assembles Apple’s iPhones in Zhengzhou, but some assembly occurs in Shenzhen, which is also the company’s Chinese HQ.

About 16K people (or under 10% of facility employees) have returned to work in Zhengzhou.

Market research firm Trendforce cuts its March quarter iPhone production forecast by about 10% to 41M.―Seeking Alpha