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Coronavirus Outbreak May Torpedo China Smartphone Shipments

Apple Stock Suffers Worst Week of 2019 - iPhone Pain in China

The smartphone industry in China is massive and the shock of the Novel Coronavirus has some analysts warning that shipments for Q1 ending in March could fall by 30% versus a year ago. This is from the firm International Data Corporation of IDC. The “Black Swan Effect ” in the first half of this calendar year is possible with this virus as it has killed just over 1,000 people and has infected upwards of 40,000 – it is still raging. The deadly pneumonia-like virus – 30 percent of victims contract severe pneumonia – is now considered more dangerous than SARS. Global supply chains are being disrupted as many companies have set up shop in China, and for now, they are closed. Some factories have been shut down for 3 weeks or more. As a result, some analysts have predicted potential delays in iPhone shipments. For local firms, the market leader in shipments of phones is Huawei, then Vivo, Oppo and Xiaomi.

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