Apple sees $27 billion of market value wiped out amid the delayed reopening of its main Chinese iPhone plants

for iPhone shipments in the first quarter by 10%, citing the coronavirus outbreak for the sizable disruption.110 units and retired at 36: Here’s how a former Clemson football captain went from ‚$1,000 and my car‘ to a successful real-estate investor

Trying to quantify the sales hit caused by the outbreak is a „mathematical gymnastics exercise,“ Wedbush analyst Dan Ives wrote in a Sunday note. The research firm expects full production won’t resume for another one or two weeks, and that the supply chain hit „will be a shock to the system.“ Ives‘ note came before Reuters reported the opening of one iPhone plant on Monday.

and infected more than 40,000. Two of the deaths have taken place outside of mainland China, with one victim in Hong Kong and another in the Philippines.“ guidance for its second quarter in its January 28 report, noting coronavirus uncertainties could harm device shipments if the outbreak isn’t contained in a timely fashion.

Remind us why $APPL isn't manufacturing iPhones in the U.S. again?

China is slowing down. 2020 will be the yr of significant global decline.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech giants like Facebook, Apple, Uber domination is good, natural - Business InsiderOpinion: The domination of tech giants like Uber and Facebook isn't a problem — it's part of a natural cycle. By kmaney of cd_advisors.
Source: BusinessInsider - 🏆 729. / 51 Read more »