Apple warns of revenue hit
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note how it is not just medical or our physical health that is affected by the virus, but also our economic health, which comprises the production and retail sector, cos China is the 'factory of the world', as well as the largest consumer market worldwide, so both supply chains and sales are hit...
slowing production and weakening demand in China.
Apple's manufacturing facilities in China have begun to reopen, but they are ramping up more slowly than expected, while most of its retail stores were either closed or operating at reduced hours.
It also said that store restrictions due to coronavirus precautions have affected its sales in China, with most retail stores either closed or operating at reduced hours and with very low customer traffic.
Fiat Chrysler, Hyundai and General Motors have also said their auto production lines were, or could be, hit by Chinese factories that are slow to restart owing to the virus.
the virus may slash demand for smartphones by half in the first quarter in China, the world's biggest market for smartphones and Apple's third-biggest market in terms of revenue. Apple has 42 stores in China, which have been closed for much of this month.
the virus outbreak has dramatically impacted iPhone supply from China/Foxconn with a demand ripple impact worldwide
Qn: Is globalisation to be welcomed or feared today? (Cam. 2019)
note how it is not just medical or our physical health that is affected by the virus, but also our economic health, which comprises the production and retail sector, cos China is the 'factory of the world', as well as the largest consumer market worldwide, so both supply chains and sales are hit...
slowing production and weakening demand in China.
Apple's manufacturing facilities in China have begun to reopen, but they are ramping up more slowly than expected, while most of its retail stores were either closed or operating at reduced hours.
It also said that store restrictions due to coronavirus precautions have affected its sales in China, with most retail stores either closed or operating at reduced hours and with very low customer traffic.
Fiat Chrysler, Hyundai and General Motors have also said their auto production lines were, or could be, hit by Chinese factories that are slow to restart owing to the virus.
the virus may slash demand for smartphones by half in the first quarter in China, the world's biggest market for smartphones and Apple's third-biggest market in terms of revenue. Apple has 42 stores in China, which have been closed for much of this month.
the virus outbreak has dramatically impacted iPhone supply from China/Foxconn with a demand ripple impact worldwide
Qn: Is globalisation to be welcomed or feared today? (Cam. 2019)
posted by Dark Shadow | 12:58 PM
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