RE: Apple - Coronavirus hit to sales9 Feb 2020 08:11
iPhone delays predicted
Some experts even expect delays to global icons, like Apple's most important product, the iPhone.
"What is going to happen to iPhone in particular? I would bet this may delay the launch of the next model or products," Swaminathan said.
"Our latest survey indicates that the iPhone supply is being affected by the coronavirus and, therefore, we cut the iPhone shipment forecasts by 10%," TF Securities analyst Ming-Chi Kuo wrote in a Feb. 2 note. He said second quarter shipments were difficult to predict because of "the uncertainties of the coronavirus epidemic and consumer confidence."
During an earnings call last week, Cook said that the company's revenue guidance took into account the uncertainty related to the situation, and that the impact on suppliers outside of Hubei was "less clear at this time."
A representative for Foxconn, one of China's largest employers and Apple's primary iPhone assembler, did not confirm that factories will re-open on Monday, Feb. 10.
"We have been closely monitoring the current public health challenge linked to the coronavirus and we are applying all recommended health and hygiene practices to all aspects of our operations in the affected markets. These health and safety measures are conducted in tandem with the efforts implemented by the government," the spokesperson said.
"The operation schedules for our facilities in China follow the recommendations of the local governments, and we have not received any requests from our customers on the need to resume production earlier."
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