A new report suggests that Apple, the known smartphone brand, might see a notable impact on its iPhone supply. This arrives after Foxconn, a major supplier of Apple is speculated to suffer from a “big” production hit after the halt of operations on its factory continues further due to the recent Coronavirus outbreak in China.
So far, Foxconn has seen a factory shutdown for a whole week which might get extended to the second one, causing disruption in Apple’s shipments of iPhone to its customers across the globe. As of right now, Foxconn’s operations have been completely shut down until the 10th of February 2020, in accordance with the Chinese Government’s recent rules for combating the virus outbreak.
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According to a new report, a source close to Apple claimed that the halt would affect the Cupertino based giant in a “big” manner. The smartphone OEM is exposed to the Coronavirus on both its demand and supply sides. Foxconn production being stopped for another week could make it harder for Apple to maintain its normal rate of worldwide shipments of its popular iPhones.
Notably, Apple has closed all of it retails store operations in China. This, in turn, implies a further fall in iPhone sales in China as well. Furthermore, Apple has reported a wide guidance revenue range for its quarterly earnings call. According to Luca Maestri, the Chief Financial Officer of Apple, the range of uncertainty between $62 billion and $67 billion is due to the ongoing epidemic in China concerning the Coronavirus outbreak.
