https://wccftech.com/coronavirus-shatters-chinas-5g-rollout-disrupts-5g-base-station-supply-in-country/

With the 2019 Novel Coronavirus (2019-nCov) in its third month following the outbreak, the extent of its damage to supply chains of established companies and the Chinese economy is now starting to become painfully clear. Companies including Apple Inc (NASDAQ:AAPL), Qualcomm Incorporated (NASDAQ:QCOM) and NVIDIA Corporation (NASDAQ:NVDA) expect that their business for the first quarter of the calendar year 2020 will be affected by the outbreak. Their estimates, however, pale in comparison to reports of China's banks facing at least $1 trillion worth of non-performing loans, as gross domestic product growth in the country in the Q1 2020 expected to drop 1.5% year-over-year.

Given that China is also the backbone of the global tech supply chain, the coronavirus's impact on the industry as a whole is not too bright either. Smartphone sales in the country are feared to drop by 50% year-over-year by some analysts, and production by 12%.