There is no one to buy. Apple only sold 500,000 iPhones in China in February
14.03.2020 0 Comments
This is much less than usual.
Apple sold less than 500,000 iPhones in China in February due to the country's restrictions on the outbreak of the coronavirus COVID-19. For comparison, in February 2019, Apple sold 1.27 million smartphones in China.
Earlier this year, Apple executives said the company expects revenue of $ 63-67 billion for the first quarter of 2020. However, after Apple announced that the outbreak of coronavirus had a major impact on iPhone sales and the supply of components for production. In this regard, the company informed investors that the predicted level of profit will not be achieved.
By early March, most Apple stores in China were operating normally. However, in some regions of the country quarantine and restrictions on movement are still in force, which leads to reduced demand for the iPhone. In addition, incomes of Chinese citizens declined due to weeks of home quarantine.
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