The Financial Post reports that two people are dead and 16 are injured following an explosion at a manufacturing facility in Chengdu, China owned by Foxconn Electronics, multiple sources reported on Friday.
The Taiwan-based company is a major manufacturing partner for Apple Inc. and the Chengdu location is where a number of the global gadget giant’s iPads are made, leading some observers to suggest Apple’s earnings for the next quarter will take a negative turn as a result.
"It is unclear what proportion of the market-leading tablet’s global supply is built at the Chengdu location, as Foxconn’s plant in Shenzen is known to be an iPad-producer as well. Local officials have already ruled out the possibility of foul play, saying the explosion “didn’t have a human factor.” The China-based Economic Observer newspaper was quoted by the AFP as saying the early evening explosion “appeared accidental” to eyewitness Foxconn employees…."
Find out more at:
http://www.canada.com/business/fp/Deadly+explosion+iPad+factory+hurt+Apple+earnings/4818151/story.html
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