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Technology Coronavirus impact on tech industry predicted in new report

17:15  18 february  2020
17:15  18 february  2020 Source:   theverge.com

Coronavirus could slow down Apple iPhone shipments

  Coronavirus could slow down Apple iPhone shipments Consumers could see a one to two week delay in orders arriving,. says Daniel Ives, an analyst with Wedbush.Most of the popular best-selling products, like the Apple iPhone, iPad and Amazon Echo speakers, are assembled in Shenzhen and Hengyang, China, not the Wuhan area, where the virus has broken out.

Supply-chain analytics provider TrendForce has issued a report assessing the likely impact of the new coronavirus outbreak on tech manufacturing. The coronavirus has already caused major disruption throughout the tech industry , with huge trade shows cancelled and companies like Apple expecting

The number of new coronavirus cases in mainland China fell below 2,000 on Tuesday for the first time since January but the virus remains far from contained, as its economic impact spreads globally with South Korea announcing an economic emergency.

Supply-chain analytics provider TrendForce has issued a report assessing the likely impact of the 2019-nCoV outbreak on tech manufacturing. The coronavirus has already caused major disruption throughout the tech industry, with huge trade shows cancelled and companies like Apple expecting to miss their forecasts.

a person standing in front of a door© Photo by GREG BAKER/AFP via Getty Images

The report breaks its assessments down into individual components as well as product categories to provide a broad overview of the industry. It could also give some indication of what’s in store for individual companies like Apple. It’s worth reading the whole thing, but here are a few takeaways:

Facebook expects Oculus hardware delays from the coronavirus

  Facebook expects Oculus hardware delays from the coronavirus The already hard-to-get Oculus Quest may be in even shorter supply.The virus has already killed nearly 640 people and infected more than 31,000. The virus has impacted tech companies, especially those with manufacturing and business in China, where it was discovered, and been cited as a cause of delays in electronics manufacturing over the past few weeks. It has also impacted travel by companies to trade shows, such as Mobile World Congress, which opens later this month in Barcelona.

BEIJING/SHANGHAI (Reuters) - The number of new coronavirus cases in mainland China fell below 2,000 on Tuesday for the first time since January World Health Organization Director-General Tedros Adhanom Ghebreyesus said Chinese data "appear to show a decline in new cases" but any apparent

Experts predict notable impact on the smartphone industry in the first quarter of the year. 4 millionestimated fall in iPhone shipments in 1st quarter Chinese authorities told companies to extend the Lunar New Year holidays until 10 February to contain the deadly virus from spreading further.

  • Smartphone production is projected to decline 12 percent year-on-year this quarter, which would make it the lowest quarter in five years. The supply chain is labor-intensive, so is being heavily hit by the postponement of work resumption, and there will also be shortages of upstream components like camera modules.
  • Several fiber optics suppliers are based in Wuhan, where the coronavirus outbreak originated, and together account for 25% of global production. China’s 5G rollout could be affected due to the greater need for optical fiber cables in next-generation base stations.
  • The DRAM and NAND flash markets are unlikely to be affected due to material stockpiling and a high level of automation at semiconductor fabs operated by companies like Samsung and SK Hynix.
  • Video game console manufacturing has been heavily hit, but next-generation production shouldn’t be impacted as long as the outbreak can be mitigated by the end of this quarter, since the PS5 and Xbox Series X will be launching in the holiday season. Current demand for the PS4 and Xbox One have already fallen due to anticipation of the upcoming machines, meaning shortages of the current-gen machines are also unlikely.
  • Overall, TrendForce expects smartwatches, laptop PCs, and smart speakers to see the biggest decline in previous forecasts. Smartwatches are set to drop 16 percent from prior expectations, though the report notes that sales for wearables are usually much higher in the second half of the year when devices like the Apple Watch are updated.

Here’s TrendForce’s updated forecasts for shipments in various device categories.

a screenshot of a cell phone© Provided by The Verge

You can read the full report here.

Apple unveils new iPad Pro and MacBook Air in the middle of a global pandemic .
In what may be the latest sign of how the coronavirus outbreak is upending the tech industry, Apple -- known for its splashy product launch events -- showed off new flagship devices in a virtual presentation to some journalists on Wednesday. © Apple The new iPad Pro and Magic Keyboard accessory The Cupertino, California-based company, which currently has its staff working from home, unveiled updates to its iPad and MacBook Air line. Among the updates: faster processors, revamped cameras and new keyboards. The product launch comes as the coronavirus outbreak slowed Apple's momentum.

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