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Tech & Science Coronavirus infections slow in China as Apple becomes latest business casualty

06:01  18 february  2020
06:01  18 february  2020 Source:   reuters.com

Coronavirus evacuation flight from Wuhan lands in Darwin

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Apple Inc (NASDAQ: AAPL ) become the latest company to flag lower revenue as a result of the epidemic, saying it would not meet its revenue guidance for the March quarter because of slower iPhone production and weaker demand in China . The technology company's manufacturing facilities

The number of new coronavirus infections in mainland China fell below 2,000 on Tuesday for the first time since January. Apple Inc become the latest company to flag lower revenue as a result of the epidemic, saying it would not meet its revenue guidance for the March quarter because of slower

a man walking down the street: Women wear face masks and plastic raincoats as a protection from coronavirus in Shanghai© Reuters/ALY SONG Women wear face masks and plastic raincoats as a protection from coronavirus in Shanghai

By Ryan Woo and Samuel Shen

BEIJING/SHANGHAI (Reuters) - The number of new coronavirus infections in mainland China fell below 2,000 on Tuesday for the first time since January, although global experts warn it is still too early to say the outbreak is being contained.

a person in a swimming pool: Hong Kong Chief Executive Carrie Lam wears a mask, following the outbreak of a new coronavirus, during a news conference in Hong Kong© Reuters/TYRONE SIU Hong Kong Chief Executive Carrie Lam wears a mask, following the outbreak of a new coronavirus, during a news conference in Hong Kong

The economic fallout from the epidemic spread to U.S. technology titan Apple, which warned of iPhone shortages and lower than expected revenue, while South Korea's president called the situation in his country an economic emergency.

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Airbus is slowly restarting its assembly line in China . Even to start up again, Chinese officials are requiring businesses to provide masks to workers, record their temperatures and track their movements to make sure they haven’t come into contact with the coronavirus , named COVID-19.

China ’s deadly coronavirus outbreak continues to threaten multi-national companies China ’s deadly coronavirus outbreak continues to threaten multi-national companies, as a range of businesses from Burberry (BURBY) became the latest on Friday, by announcing it was shutting down several

Tough restrictions on travel and movement have helped to limit the spread of the virus outside the epicentre in Hubei province, but at great cost to the Chinese economy and global business.

Apple Inc become the latest company to flag lower revenue as a result of the epidemic, saying it would not meet its guidance for the March quarter because of slower iPhone production and weaker demand in China. a person standing in front of a store: An employee from a disinfection service company sanitizes at a traditional market in Seoul© Reuters/HEO RAN An employee from a disinfection service company sanitizes at a traditional market in Seoul

The U.S. technology company's manufacturing facilities in China had begun to reopen but they were ramping up more slowly than expected, and the resulting iPhone shortages would hit sales, it said in a statement to investors.

Apple unlikely to meet revenue guidance due to coronavirus impact

  Apple unlikely to meet revenue guidance due to coronavirus impact Apple unlikely to meet revenue guidance due to coronavirus impactGlobal supplies of Apple's iPhones will be limited as the sites work toward operating at full capacity, the company said.

Apple 's key supplier, China -based Foxconn, said that business is running as normal despite the virus outbreak. The company assured that it has all the This novel coronavirus , that originated in the end of last year in the Chinese city of Wuhan, has led to more than 250 deaths as of Saturday, while the

Apple has three main businesses and concerns in China . There are iCloud data centers, a large Apple retail presence, and a larger manufacturing base mostly driven by Foxconn. Apple locations overlaid on Coronavirus infections , the deeper the red, the more infections - infection data

a screen shot of a smart phone: FILE PHOTO: TM Roh of Samsung Electronics unveils the Galaxy S20, S20+ and S20 Ultra smartphones during Samsung Galaxy Unpacked 2020 in San Francisco© Reuters/Stephen Lam FILE PHOTO: TM Roh of Samsung Electronics unveils the Galaxy S20, S20+ and S20 Ultra smartphones during Samsung Galaxy Unpacked 2020 in San Francisco

"The health and well-being of every person who helps make these products possible is our paramount priority," Apple Chief Executive Tim Cook said in a statement released by Apple.

China is the world's biggest market for smartphones and some analysts have estimated that the virus may slash demand for handsets by half in the first quarter in China.

Analysts at Nomura again downgraded their China first-quarter economic growth forecast, to 3%, half the pace in the fourth quarter, and said there was a risk it could be even weaker.

"Too much damage has already been done and initial policy stimulus will not be very effective," they said in a note on Monday. "China is experiencing the rare case of simultaneous demand and supply shocks."

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SHANGHAI — China has flooded cities and villages with battalions of neighborhood busybodies, uniformed volunteers and Communist Party representatives to The nation is battling the coronavirus outbreak with a grass-roots mobilization reminiscent of Mao-style mass crusades not seen in China in

Global businesses operating in China are closing stores, scaling back operations and restricting travel as the Chinese government races to control the coronavirus that The number of SARS infections world-wide—8,098—for now remains higher than the latest coronavirus total, according to the WHO.

South Korea President Moon Jae-in declared an economic emergency on Tuesday and promised measures to stimulate demand and shield businesses from the impact of the coronavirus outbreak.

Hong Kong increased government handouts to businesses and the Hospital Authority to HK$28 billion ($3.6 billion) from HK$25 billion pledged previously, to ease the impact on the Chinese-ruled city's battered economy.

a large passenger jet sitting on top of a runway: FILE PHOTO: Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport© Reuters/Arnd Wiegmann FILE PHOTO: Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport

The moves came after economic data released in Japan, the world's third-largest economy, and regional finance and travel hub Singapore, pointed to possible recession in the coming quarter.

China's state assets regulator said the impact of the coronavirus outbreak on industries would mainly appear in February, suggesting the worst may still be to come in terms of business activity.

REMAIN VIGILANT

The rapidly spreading virus claimed another 98 lives in mainland China, bringing the total death toll there to 1,868, the National Health Commission said. There were 1,886 new confirmed infections for a total of 72,436.

Apple is still reportedly planning to launch a new iPhone next month, even though the coronavirus has rattled its supply chain in China

  Apple is still reportedly planning to launch a new iPhone next month, even though the coronavirus has rattled its supply chain in China Apple is still planning to release a low-cost iPhone next month despite supply-chain setbacks caused by the coronavirus outbreak, Bloomberg reported on Tuesday. The company said on Monday that it did not expect to meet its revenue target for the March quarter because of slower demand in China and supply constraints. The budget-friendly iPhone is expected to resemble the iPhone 8 but have the same processor as the iPhone 11 and iPhone 11 Pro, according to previous reports. Visit Business Insider's homepage for more stories.

The number of new daily infections in mainland China had not been below 2,000 since Jan. 30, while the daily death toll had not come under 100 since Feb. 11.

Outside of China, there are 827 cases in 26 countries and regions and five deaths.

Chinese authorities say the stabilisation in the number of new cases is a sign that measures they have taken to halt the spread of the disease are having an effect.

Still, the virus spread quickly and global health authorities had to remain on guard against a wider outbreak, said Jimmy Whitworth, professor of International Public Health, London School of Hygiene and Tropical Medicine.

"We can hope that the reports of falling numbers of new cases in China does show that the epidemic has peaked in Hubei province, but it is still too early to be sure that this is so," he said.

"In the meantime health services in other countries need to remain vigilant to identify all cases and to prevent onward transmission to their populations.”

World Health Organization Director-General Tedros Adhanom Ghebreyesus said Chinese data "appear to show a decline in new cases".

"This trend must be interpreted very cautiously. Trends can change as new populations are affected," he added.

Confusion over virus information in China saw conflicting reports about the death of a top doctor in the Hubei capital Wuhan, with state media reporting he had died but family members saying he was still alive and fighting the disease.

Apple's plans to launch a new iPad Pro model early this year could be delayed thanks to the coronavirus, according to one report

  Apple's plans to launch a new iPad Pro model early this year could be delayed thanks to the coronavirus, according to one report Apple's plans to unveil a new iPad Pro model in the first half of 2020 could be delayed as a result of the coronavirus outbreak, according to Bloomberg. The company's plans to launch a low-cost iPhone model in March don't appear to be affected, the report said. Apple warned investors Monday that it would miss revenue expectations for the second quarter due to factory and store closures within China. Shares in Apple fell more than 3% Tuesday morning after the company's announcement. Visit Business Insider's homepage for more stories.

AMERICANS RETURN HOME

More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown to military bases in the United States, after two weeks under quarantine off Japan.

Around half of all known cases of the virus outside China have been found aboard the Diamond Princess in Yokohama, where around 400 people have tested positive since the cruise liner was ordered to stay under quarantine off Japan on Feb. 3.

Ground crew in anti-contamination suits met a chartered jet that touched down at Joint Base San Antonio in Texas, and passengers could be seen climbing down the stairs wearing face masks in the pre-dawn mist. Another flight landed at Travis Air Force Base in California hours earlier. Those arriving were taken into a two-week quarantine.

Although U.S. officials said passengers with coronavirus symptoms would not be taken, 14 passengers found at the last minute to have tested positive were permitted to board the planes. The U.S. State Department said the infected passengers were kept in isolation on the flights.

Several other countries have announced plans to follow the United States in bringing passengers home. Around half of the 3,700 passengers and crew are Japanese.

Authorities around the world were also trying to track down passengers from another cruise liner, the Westerdam, which was turned away from ports across Southeast Asia for two weeks before docking in Cambodia on Thursday.

One American passenger who disembarked in Cambodia tested positive for the virus in Malaysia on Saturday.

Carnival Corp. , which operates both cruise liners, said it was cooperating with authorities in trying to trace other passengers from the Westerdam. None of the other 1,454 passengers and 802 crew had reported any symptoms, it said.

(Reporting by Ryan Woo in Beijing and Samuel Shen in Shanghai; additional reporting by Lusha Zhang, Gabriel Crossley and Se Young Lee in Beijing; Writing by Stephen Coates; Editing by Michael Perry)

Apple's more affordable 'iPhone 9' could be delayed because of the coronavirus after all, says a new report .
Apple's rumoured low-cost iPhone may be delayed because of supply constraints resulting from the coronavirus outbreak, according to Nikkei Asian Review. The news comes just after Bloomberg reported that the phone was still on track to launch in March. Apple also said on Monday that it does not expect to meet its revenue guidance for its fiscal second quarter because of the virus. Visit Business Insider's homepage for more stories.

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