SHANGHAI - Chinese smartphone maker Xiaomi Corp expects a hit to first-quarter sales from the disruption caused by the coronavirus outbreak, but believes demand will bounce back in the second and third quarters, its CEO said on Thursday.
During an online Q&A session, Lei said that while the company's capacity and stock was sufficient, deliveries in the coming two weeks might be affected as many factories in China could not resume work until Feb. 10.Lei added that managing Xiaomi's supply chain was the toughest task facing the company at the moment, and staff were talking to suppliers every day.
"I believe Wuhan is a glorious city, and I believe even more that the brave and optimistic people of Wuhan can definitely fight this virus."
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