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Updated by California Observer on Dec 08, 2022
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COVID rules hurt iPhone maker Foxconn

Foxconn, an Apple supplier, says its November sales were down 11% from the same month in 2021. This is because of problems at the world’s largest iPhone factory.

It says coronavirus restrictions at its plant in Zhengzhou, China, are to blame for the drop.

Even though it made a record 5.9 trillion New Taiwan Dollars (£160bn) from January to November, its sales were down 29% from October.

COVID rules hurt iPhone maker Foxconn - California Observer

Foxconn, an Apple supplier, says its November sales were down 11% from the same month in 2021. This is because of problems

Theranos: Sunny Balwani sentenced to prison - California Observer

The court has sentenced Ramesh 'Sunny' Balwani, an executive of the failed startup, Theranos to a prison sentence of almost 13 years.