Source: Business Insider
Analyst Ming-Chi Kuo recently cut his forecast for iPhone shipments in the first quarter of 2020 by 10% because of the coronavirus, he said in a note reported by CNBC and other outlets. The report comes after Apple temporarily shut down its stores and corporate offices in China through February 9 as a cautionary measure. Foxconn, Apple’s biggest iPhone assembler, may see an impact to its shipments if factories in China remain closed beyond February 10, Reuters reported. Apple also factored uncertainty around the coronavirus into its fiscal second-quarter revenue guidance. Visit Business Insider’s homepage for more stories . Ming-Chi Kuo, an analyst with TF International Securities known for his reliable Apple predictions, recently cut his forecast for iPhone shipments in the first calendar quarter of 2020 because of the coronavirus outbreak. Kuo cut his estimate for iPhone shipments by 10%, saying that the company is likely to ship between 36 million and 40 million units during the first calendar quarter of the year.