Coronavirus poses a threat to Apple production

Los Angeles/Taipei — Apple’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths.

Apple has been increasing production to meet higher-than-anticipated iPhone demand, Bloomberg News reported last week. The company typically launches its new high-end iPhones in about September, so the virus is unlikely to have a meaningful effect on those plans, however the company is also preparing to begin mass production of a new low-cost iPhone in February that is more at risk.Apple has about 10,000 direct employees in China, across its retail and corporate entities.

Confirmed cases of the coronavirus are rising in Henan province — home to the Zhengzhou facility — which may lead Hon Hai or the government to close factories to prevent further contamination, Bloomberg Intelligence analyst Matthew Kanterman wrote.The province accounted for a quarter of China’s smartphone exports in 2019, while China’s exports make up 27% of global smartphone sales, he said, citing government and IDC data. Foxconn is estimated to account for more than 60% of Henan’s total trade.

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