Tech behemoth Apple has issued a second earnings guidance for its second quarter, warning of a shortage of iPhones around the globe due to the continuing spread of the coronavirus in China.
The coronavirus outbreak will severely affect China’s smart devices market including smartphone and PC shipments, according to analyst firm Canalys which says it has dramatically revised previous forecasts of a 7% decline in smartphone shipments to a 40% to-50% drop for smartphones and 20% for PCs - with the proviso that the situation recovers to pre-outbreak levels by the end of February.
Chinese tech giant Alibaba Group has launched a global B2B sourcing platform which it says will allow countries such as Australia to connect medical-goods suppliers of all sizes with frontline medical personnel who are working towards slowing the spread of novel coronavirus in China.
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