Header Ads

Breaking News

Apple could take iPhone hit from Coronavirus with slower shipments

The coronavirus could affect the tech products that show up on your doorstep. 

Most of the popular best-selling products, like the Apple iPhone, iPad and Amazon Echo speakers, are assembled in Shenzhen and Hengyang, China, not the Wuhan area, where the virus has broken out.

But most products are shipped from Wuhan, and due to the various restraints on travel there, these woes could affect shipments.

TF Securities analyst Ming-Chi Kuo, who historically has the inside scoop on Apple from a manufacturing point of view, said Monday in a note to investors Apple could see a 10% reduction in shipments for the current quarter.

Apple's iPhone 11 Pro.

Health: China built a hospital in 10 days to battle coronavirus. These 19 photos show how it got done

Finance:Apple earnings climb on strength of iPhone 11 sales, strong holiday season

Outbreak impact on you:Coronavirus could delay items getting to your favorite store

In China, Apple has temporarily closed its Apple retail stores and some offices. 

Daniel Ives, an analyst with Wedbush Securities, says that if the virus isn’t contained by mid-month, consumers could start seeing a delay of “one to two weeks” before getting their new phones. “If it continues into March,” it will have even more of a negative impact. 

Source link

No comments