Apple Inc's plan to ramp up iPhone production by 10% in the first half of t...
) plan to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus outbreak spreads across China, the Nikkei Asian Review reported on Tuesday.
The company has asked its suppliers, many of whom have manufacturing centres in China, to make up to 80 million iPhones in the first half of 2020, the Nikkei reported, citing people familiar with the company's plans. However, the mass production which is due to start in the third week of February might be delayed due to the virus outbreak, the Nikkei reported.
Apple’s shares rose about 86% in 2019, outperforming a 29% rise in the S&P 500 index. The stock closed down nearly 3% at $308.95 on Monday as coronavirus fears dragged down high-flying U.S. chip and technology stocks.
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