Simon Mugo Posted February 10, 2020 Share Posted February 10, 2020 How is the coronavirus affecting Apple's iPhone supply chain and sales? Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted February 10, 2020 Share Posted February 10, 2020 Well, Apple recently issued a wide earnings range for Q1 2020 with the company singling out the coronavirus outbreak as a major factor behind the guidance. Foxconn, a major Apple supplier, asked some of its Chinese employees not to return to work at a manufacturing facility due to the spreading coronavirus outbreak. The Chinese workers were on holiday starting 25th January as they celebrated the Lunar New Year holiday, which usually lasts for a week, but had been extended to 10th February. It is not clear when the facility shall be reopened and this could have a significant impact on Apple's supply chain given that Foxconn supplies many iPhone parts. Therefore, it is highly likely that Apple's earnings could lean towards the lower-end of its wide range depending on how long it takes to contain the coronavirus outbreak. Quote Link to comment Share on other sites More sharing options...
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Simon Mugo
How is the coronavirus affecting Apple's iPhone supply chain and sales?
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