Skip to content
Menu
Hot Tech News
  • Home
  • News
  • Mobiles
    • Android
    • iPhone
    • Applications
  • Gadgets
    • Drones
    • Smart Home
    • Xiaomi
  • Laptops
  • Technology
    • SpaceX
    • Starlink
    • Tesla
    • Electric cars
  • That is interesting
Hot Tech News
Hot Tech News > News > Mobiles > iPhone > Apple warned of worldwide iPhone shortages and declining sales due to Chinese coronavirus
Apple warned of worldwide iPhone shortages and declining sales due to Chinese coronavirus

Apple warned of worldwide iPhone shortages and declining sales due to Chinese coronavirus

Posted on February 18, 2020February 18, 2020

As has been repeatedly noted, an outbreak of COVID-19 coronavirus infection, which, by the way, is still ongoing, will have far-reaching consequences and will affect many areas of human activity around the world, including the technological industry. The shutdown of production facilities in China and the abolition of international technology exhibitions, among other measures to combat the spread of the virus, led to logical financial losses. Last week, NVIDIA lowered its forecast for the amount of quarterly revenue by $100 million, and yesterday Apple warned investors about the inevitable temporary limitation of international iPhone shipments due to the suspension of operations of some enterprises in China due to the epidemic and, as a result, lower financial performance compared to with initially predicted values. That is, yes, for some time around the world there will be a shortage on the iPhone.

  • Experts: Huawei downplays the impact of coronavirus, but it will suffer harder than Apple
    February 22, 2020
    Experts: Huawei downplays the impact of coronavirus, but it will suffer harder than Apple

In a letter to investors, Apple explains that although manufacturing partners have already resumed production at factories in China, the pace of production growth is not high enough. And the deficit cannot be avoided. When to expect a solution to the problem, Apple, alas, does not say.

Apple also calls the closure of branded and third-party stores as the main reasons for the sharply falling demand for the iPhone in China, which is the third largest market for the company after the US and Europe.

And, as noted above, in light of the negative factors described above, Apple expects quarterly revenue to be lower than previously forecasted. Alas, the company does not give any figures, so for now we can only guess what the deviation will be. Recall that in a recent report, Apple predicted revenue for the upcoming reporting period in the range of $85.5-$89.5 billion.

It remains to recall that the notorious analyst Ming-Chi Kuo in his recent forecast estimated the drop in iPhone sales due to a 10% outbreak of coronavirus. He also warned that ardently expected by many iPhone 9, whose announcement is expected on March 31, is likely to be in short supply.


Source: itc.ua

1 thought on “Apple warned of worldwide iPhone shortages and declining sales due to Chinese coronavirus”

  1. Pingback: Coronavirus also threatens Xiaomi Mi 10 and Mi 10 Pro, but not the flagship Samsung Galaxy S20 | Hot Tech News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Looking for…

The most populars

  • Google released an awesome feature in Android! Check that!
    Google released an awesome feature in Android! Check that!

Archives

  • March 2023
  • August 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019

Categories

  • Android
  • Applications
  • Consoles
  • Drones
  • Electric cars
  • Gadgets
  • Green technologies
  • Huawei
  • iPhone
  • Laptops
  • Mobiles
  • News
  • Samsung
  • Smart Home
  • SpaceX
  • Starlink
  • Technology
  • Tesla
  • That is interesting
  • Windows
  • Xiaomi
  • Xiaomi

Tags

5G 2019-nCoV Android Android 10 Announcement Apple Applications Bad News Camera Cameraphones China Coronavirus Electric cars Elon Musk Finance Gadgets Galaxy Galaxy S20 Galaxy S20 Ultra Google Huawei iOS iPhone iPhone 11 Leaks Microsoft Mobiles Money Redmi Release Rumors Samsung Samsung Galaxy Smartphones Sony Space SpaceX Starlink Technology Tesla Virus WhatsApp Windows Xiaomi Xiaomi Mi 10

Pages

  • Privacy Policy

Follow us

©2023 Hot Tech News | WordPress Theme by Superbthemes.com