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Apple is bracing for the effects of Coronavirus – Source fastcompany.com

On Apple’s analyst call for its Q1 financial results on Tuesday, CEO Tim Cook said that the company’s business is being impacted by China’s coronavirus and is making contingency plans in case the outbreak gets worse.

Apple relies heavily on Chinese factories for the production of most of its devices. The Nikkei’s Cheng Ting-Fang and Lauly Li quoted an unnamed Apple supply chain employee saying that the coronavirus has created “massive uncertainties and challenges” for the production of iPhones and AirPods.

Apple says it has several suppliers and some retail stores near the epicenter of the virus, which is located at the Chinese city of Wuhan.

Here’s Cook’s full statement from the earnings call:

We are working with our team in the effected areas and we have limited travel to business critical situations as of last week. The situation is emerging and we’re still gathering lots of data points and monitoring it very closely.

We have a wider than usual revenue range for…

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Source : fastcompany.com

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