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- The novel coronavirus has been a disaster for companies relying on China for supply chain and customers, with firms including Apple, Foxconn, AP Moller-Maersk, Air France-KLM all issuing warnings.
- Chinese smartphone giant Huawei has been coy on coronavirus impact, with one executive stating there would be no impact on its global supply chain over the next three to six months.
- Analysts are deeply skeptical and say Huawei will be worse affected than Apple, since it is hugely reliant on Chinese consumers for its smartphone business.
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The outbreak of the coronavirus has dented the smartphone industry, with Apple warning that it expected a hit to revenues thanks to factory shutdowns and store closures.
Samsung, the world's biggest phone maker, is currently less affected since about half its production has moved to Vietnam.
See the rest of the story at Business Insider
See Also:
- Apple has a radical idea for a redesigned iPhone with multiple screens that would look like just a single sheet of glass
- Apple's more affordable 'iPhone 9' could be delayed because of the coronavirus after all, says a new report
- Apple's plans to launch a new iPad Pro model early this year could be delayed thanks to the coronavirus, according to one report
SEE ALSO: Apple's coronavirus warning that it won't sell enough iPhones is great news for Samsung
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