iphone will be delayed due to a fire at Foxconn

As Foxconn is the largest manufacturing partner of Apple and is currently producing the iPad 2 and ramping up for production of Apple’s next iPhone, investors are worried that the explosion could cause delays or worse. Reuters reports that shares of Apple stock, traded on the Nasdaq, were down over 1.5 percent to $335.22 at closing.

Edmund Ding, a spokesperson for Foxconn, emailed Bloomberg that “the fire was under control, and full cooperation had been given to investigators.” Ding also pointed out that Foxconn had “halted production at the site of the explosion until the investigation is complete,” but wouldn’t comment on which products were affected.

Foxconn has been in the news quite a bit recently – including making headlines over the past year for worker suicides caused by the high levels of stress that come with working at the plants. The company has worked hard since then to improve both working conditions and its brand image – something that may suffer a minor setback due to these recent events.

Apple issued a brief comment through spokesperson Steve Dowling, stating “We are deeply saddened by the tragedy at the Foxconn plant in Chengdu and our hearts go out to the victims and their families. We are working closely with Foxconn to understand what caused this terrible event.” He would not comment in regards to any possible disruptions in production of Apple products, including the iPad 2 or iPhone 5.

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