Apple suppliers expect production stagnation amidst coronavirus uncertainty as Chinese carriers discount iPhone 11 to boost sales
A report from the Commercial Times suggests that many Apple partners in the Taiwanese supply chain are expecting a stall in production as a result of the coronavirus impacts on consumer demand. “There will be a lot of stagnation in the second quarter” said one source.
Apple will officially report revenues for the current quarter on April 30. The closure of Apple Stores and global retail stores is expected to have a big hit on iPhone sales. Online sales are also expected to be down as consumers prioritize their income away from non-essential purchases in the current climate.