Source: Business Insider
The novel coronavirus has been a disaster for companies relying on China for supply chain and customers, with firms including Apple, Foxconn, AP Moller-Maersk, Air France-KLM all issuing warnings. Chinese smartphone giant Huawei has been coy on coronavirus impact, with one executive stating there would be no impact on its global supply chain over the next three to six months. Analysts are deeply skeptical and say Huawei will be worse affected than Apple, since it is hugely reliant on Chinese consumers for its smartphone business. Visit Business Insider’s homepage for more stories . The outbreak of the coronavirus has dented the smartphone industry, with Apple warning that it expected a hit to revenues thanks to factory shutdowns and store closures. Samsung, the world’s biggest phone maker, is currently less affected since about half its production has moved to Vietnam. But China’s biggest phone maker has been surprisingly — some say unbelievably — optimistic about the coronavirus’ impact.