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Coronavirus Updates: Cruise Ship Passengers, Some Infected, Flown Back to U.S.

  • February 18, 2020
  • Business

The announcement came hours before China announced new figures for the outbreak. The number of cases was put at 72,436 — up from 70,548 the day before — and the death toll now stands at 1,868, up from 1,770, the authorities said.

In a statement, the iPhone maker, which is heavily dependent on factories in China, said its supply of smartphones would be hurt because production was slowed by the outbreak.

None of the factories that make iPhones are in Hubei Province, the center of the outbreak, but travel restrictions have hindered other parts of the country as well. Production was taking longer than hoped to get back on track after the facilities reopened following the Lunar New Year, the company said.

Apple said it was also cutting its sales forecast because demand for its products was being hurt in China. China has been one of the Silicon Valley company’s fastest-growing and largest markets.

Apple’s warning is significant because it is a bellwether of global demand and supply of products. The company said it was “fundamentally strong, and this disruption to our business is only temporary.”

Article source: https://www.nytimes.com/2020/02/17/world/asia/china-coronavirus.html?emc=rss&partner=rss

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