As Apple itself implied was the case in an investor note last week, iPhone sales are taking a hit in China due to the ongoing coronavirus situation. In a new investor note today, UBS analysts estimate that iPhone sales fell 28% during January.
Coronavirus Stories Yesterday
Coronavirus gives boost to iPad sales even as production capacity is down
Coronavirus Stories February 20
Tim Cook tells Weibo Apple is committed to supporting local communities in wake of coronavirus outbreak
Apple CEO Tim Cook posted on Weibo this morning, sharing his support for the people and communities in China in the aftermath of the coronavirus outbreak.
Coronavirus Stories February 19
Analysts so far appear mostly unfazed by the Apple coronavirus impact. The prevailing view is that the effect will be temporary, and that Apple’s core strengths mean the medium- and long-term outlook remains good.
Investors appear to be taking the same view. The stock did take a bit of a dip yesterday, at one point 3.2% down after a bigger fall in pre-market trading, but ended the day just 1.83% down …
Apple has reportedly begun the process of moving at least some of its AirPods, iPad and Apple Watch production from China to Taiwan as the coronavirus continues to limit production.
That would add to the MacBook Air and MacBook Pro assembly work already said to have been moved to Taiwan …