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Apple Can Face Losses Exceeding $4 Billion Due To Coronavirus Supply Chain Disruption

Apple Can Face Losses Exceeding $4 Billion Due To Coronavirus Supply Chain Disruption

4 years ago
Anonymous $-riAjkQg_1

https://wccftech.com/apple-losses-4-billion-disruption/

Apple's chief executive officer Mr. Tim Cook visiting Foxconn's Zhengzhou Technology Park in 2020; Apple Inc

After being the center of good news for more than a quarter, Cupertino tech giant Apple (NASDAQ:AAPL )isn't doing so well these days on the market. After opening, the company's stock fell below Friday's closing, indicating that market fears from the Wuhan coronavirus have not subsided so far. More than 20 Apple suppliers are located in the area affected by the Chinese government's shutdown, and the company's primary manufacturing partner, Taiwan's Foxconn group itself is carefully weighing its options for navigating a complicated operating environment.