Commonground
Senior Moderator
Anjalee KhemlaniSenior ReporterYahoo Finance
February 12, 2020
China’s coronavirus (Covid-19) outbreak remains largely contained to the mainland and its immediate region. It’s one of the reasons investors have had their faith restored to markets recently, in spite of ongoing fears of a global pandemic.
-snip-
A growing list companies have been affected by the outbreak, and are expected to feel the effects through the first half of the year. Among the latest is Boeing (BA), which on Wednesday said the outbreak is affecting Q1 jet deliveries and air traffic, amid widespread travel restrictions and airlines suspending China travel.
-snip-
On the mainland, big U.S. technology firms have closed offices or manufacturing plants, and restricted travel to the region. Apple (AAPL) is likely to take a hard hit, with its Foxconn manufacturing plant having resumed minimal operations Tuesday after a significant delay. The production halt in the past few weeks is likely to impact the first quarter, as well as availability of products such as Air Pods.
The tech giant is also launching a new phone in March, and it is unclear if it can still make the target launch date following the virus’s impact. Separately, Google (GOOG) has also shuttered all offices in mainland China and Hong Kong, while Nintendo said its popular Switch consoles are sold out in Japan — with future shipments delayed because of the virus.
-snip-
China is a big part of the supply chain for automakers, and names like General Motors (GM) and Tesla (TSLA) have at least temporarily shut down their operations in the country.
https://finance.yahoo.com/news/boei...ing-about-a-coronavirus-impact-180046617.html
February 12, 2020
China’s coronavirus (Covid-19) outbreak remains largely contained to the mainland and its immediate region. It’s one of the reasons investors have had their faith restored to markets recently, in spite of ongoing fears of a global pandemic.
-snip-
A growing list companies have been affected by the outbreak, and are expected to feel the effects through the first half of the year. Among the latest is Boeing (BA), which on Wednesday said the outbreak is affecting Q1 jet deliveries and air traffic, amid widespread travel restrictions and airlines suspending China travel.
-snip-
On the mainland, big U.S. technology firms have closed offices or manufacturing plants, and restricted travel to the region. Apple (AAPL) is likely to take a hard hit, with its Foxconn manufacturing plant having resumed minimal operations Tuesday after a significant delay. The production halt in the past few weeks is likely to impact the first quarter, as well as availability of products such as Air Pods.
The tech giant is also launching a new phone in March, and it is unclear if it can still make the target launch date following the virus’s impact. Separately, Google (GOOG) has also shuttered all offices in mainland China and Hong Kong, while Nintendo said its popular Switch consoles are sold out in Japan — with future shipments delayed because of the virus.
-snip-
China is a big part of the supply chain for automakers, and names like General Motors (GM) and Tesla (TSLA) have at least temporarily shut down their operations in the country.
https://finance.yahoo.com/news/boei...ing-about-a-coronavirus-impact-180046617.html