Printed from http://www.electronista.com

Foxconn takes financial hit on iPad plant explosion

updated 09:45 am EDT, Mon June 13, 2011

Impact on iPad shipments yet to be quantified

Foxconn has taken a substantial financial hit as result of last month's explosion at a plant in Chengdu, China, according to official financial data. The company's May revenues dropped 2.14 percent month-over-month to $200.561 billion NT, or about $6.95 billion US. The company directly blames the Chengdu accident, which killed three people and injured at least five times that number.

In addition to taking a human toll, the explosion also hurt iPad production, since the Chengdu facility is focused on iPad assembly and was forced to close until the first week of June. The full impact remains unclear; neither Apple nor Foxconn have provided any detailed information, although the Chengdu plant is known to merely complement the bulk of iPad production, which takes place in Shenzhen. While Chengdu was out of commission Foxconn additionally closed all of its polishing workshops for safety inspections. The explosion is thought to have been caused by aluminum dust, which was somehow ignited.


Share



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. testudo

    Forum Regular

    Joined: Aug 2001

    0

    What?

    You mean a company that sufffered a large explosion, and this cost them money? I'm shocked!

  1. Flying Meat

    Dedicated MacNNer

    Joined: Jan 2007

    0

    In other news...

    The sun is really hot!

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News