Coronavirus Stories Yesterday

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.

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Coronavirus gives boost to iPad sales even as production capacity is down

The coronavirus may be hitting production of Apple products, including iPads, but it is reportedly giving an unexpected boost to iPad sales in China …

Coronavirus Stories February 20

Primary iPhone assembler Foxconn says that it has begun work on expansion plans for plants outside of China as it seeks to recover from production lost to the coronavirus outbreak.

The company is also ‘cautiously’ resuming production in China…

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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 …

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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 …

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