Coronavirus is a family of viruses that have spread globally starting from China. The heavy impact has been seen in this country; especially in the Economy field. The virus breakdown of the economy of China and currently added in the list is the shipment of Apple. Recently, the analyst of Apple released a note that states ‘Apple will cut the iPhone shipment to China and it would be 10%.
So, it can be said that Apple iPhone is suffering losses due to Coronavirus and the deduction of 10% in shipment on iPhone will be done of the first quarter of 2020. However, the exact quantity that Apple ships the iPhone quarterly is not disclosed. Reports state that approx. 40 million iPhone sales will be affected.
The impact maybe more
Due to the epidemics caused by the Coronavirus, the certainty of the iPhone shipment is on the dark side. The prediction of the shipment of the iPhone in the second quarter of 2020 can be determined but if the situation in China remains the same, then the iPhone sale will further drop.
Apple Analysts have a closer look at China especially about Coronavirus and as per the report of China’s Health Commission, the death toll increased to 425 and affected ones are 17,000. Due to this drastic situation in China, Apple announced to close 40 stores and corporate office in China. So, if it goes like the same, then Apple will have to look at another emerging market for iPhone.
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Apart from the iPhone, Apple was planning to launch many more products in the Chinese market that includes Bluetooth, wireless charging mat and significantly more. But, the halt took place due to Coronavirus because of this virus, transportation has been stopped and that led to massive problems, even the engineers can’t move to China for validation and due to the same, the sale of iPhone has dropped in China.