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Apple store closings in China could delay 1 million iPhone sales, Wedbush says

Apple store closings in China could delay 1 million iPhone sales, Wedbush says

Sunday, February 2, 2020, 8:02 AM

Apple's decision to temporarily shutter its stores in China as a result of the new coronavirus could delay up to 1-million iPhone-sales but is unlikely to have a substantial impact on the company's revenue, analysts at Wedbush Securities said Saturday. Ives and Backe said that the sum represented less than 3% of annual Chinese iPhone sales and that the impact would likely be neglible.
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