Analyst estimates iPhone shipments to drop 10% this quarter due to coronavirus

Reliable analyst Ming-Chi Kuo reveals a concrete figure on the lower iPhone shipments this quarter.

In his latest investor note, Kuo said his "latest survey indicates that the iPhone supply is being affected by the Coronavirus” which will see iPhone shipments drop by 10%. This means that Apple is expected to ship between 36 to 40 million iPhones in Q1. For Q2, Kuo notes that it is difficult to predict as it depends on how the coronavirus outbreak will play out. 

Nikkei Asian Review reported in end January that planned production of some Apple products such as the iPhone and AirPods could be affected by the coronavirus outbreak. In addition, Apple has closed its corporate offices, retail stores and contact centers in China through 9 February. It remains to be seen whether the closures will extend beyond 9 February. If it does, shipments and sales of the iPhones are going to be impacted significantly.

Source: 9to5Mac