Monday, February 3, 2020

Analyst predicts 10% drop in Apple iPhone shipments due to Coronavirus outbreak

Apple had a strong Q4 with the iPhone 11 dominating global sales, but the company's Q1 prospects have taken a hit due to the Coronavirus outbreak, says analyst Ming-Chi Kuo. He forecasts a 10% decrease in shipments, down to 36-40 million units for the first quarter of 2020, despite assurances from Foxconn last week that production will not be affected (iPhone camera parts and other components are made in Foxconn's factory in Wuhan, the center of the outbreak). It's not just the current models that are affected, the so-called iPhone 9 (aka SE 2) was supposed to start production this...