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Apple warns coronavirus will hurt iPhone supply and its quarterly revenue
Supply is a problem, as factories slowly reopen in China, and demand is down, too, with stores there still mostly closed. The coronavirus is taking a bigger toll on Apple's operations than it thought, and iPhone buyers around the world could see a shortage.
The electronics giant on Monday warned that it likely will miss the quarterly revenue guidance it gave last month. It cited two reasons for the update: the coronavirus is hurting both demand from Chinese customers and production capabilities inside the country. China is one of Apple's biggest markets and the primary location where its devices like the iPhone are assembled. Because factories are coming online later, there will be iPhone shortages around the globe, Apple said.
"Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated," Apple said in a statement. "As a result, we do not expect to meet the revenue guidance we provided for the March quarter." The company said guidance it issued at the end of January was based on information it had at the time, coupled with its estimates for when the pace of work would return to normal after the extended Chinese New Year holiday. At that time, Apple had factored the possible supplier and retail traffic impact into its revenue guidance for the March quarter, which – at $63 billion to $67 billion – was a bigger range than what it normally provides. That range was higher than the $62.45 billion expected by analysts.
While Apple sells a lot of its gadgets in China, it's also tied to the country in another key way. Apple designs its phones in the US, but the devices – like many other electronics – are assembled in China. Many of its employees travel frequently between the region and Apple's Cupertino, California, headquarters, and the slowdown in production in China is causing a shortage of iPhones and other Apple devices across the globe.
"Worldwide iPhone supply will be temporarily constrained," Apple said Monday. "While our iPhone manufacturing partner sites are located outside the Hubei province – and while all of these facilities have reopened – they are ramping up more slowly than we had anticipated."
https://www.cnet.com/news/apple-warns-coronavirus-will-hurt-iphone-supply-and-its-quarterly-revenue/
U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs
The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC the world’s largest contract chipmaker, two sources familiar with the matter said. New restrictions on commerce with China’s Huawei are among several options to be considered at high-level U.S. meetings this week and next. The chip proposal has been drafted but its approval is far from certain, one of the sources said.
The measure would be a blow to the world’s no. 2 smartphone maker as well as to TSMC, a major producer of chips for Huawei’s HiSilicon unit and mobile phone rivals Apple Inc (AAPL.O) and Qualcomm Inc (QCOM.O). “What they’re trying to do is make sure that no chips go to Huawei that they can possibly control,” the second source said. Huawei is at the heart of a battle for global technological dominance between the United States and China. The United States is trying to convince allies to exclude its gear from next generation 5G networks on grounds its equipment could be used by China for spying. Huawei has repeatedly denied the claim. To target global chip sales to Huawei, U.S. authorities would alter the Foreign Direct Product Rule, which subjects some foreign-made goods based on U.S. technology or software to U.S. regulations. Under the draft proposal, the U.S. government would force foreign companies that use U.S. chipmaking equipment to seek a U.S. license before supplying Huawei - a major expansion of export control authority that could anger U.S. allies worldwide.
The Commerce Department declined to comment on the proposal. But a Commerce spokesman said recent U.S. charges against Huawei, including conspiring to steal trade secrets, “reaffirm the need for caution in considering license applications. The U.S. continues to have major concerns about Huawei.” Huawei and TSMC did not respond to requests for comment.
The United States placed Huawei on a blacklist in May last year, citing national security concerns. That forced some U.S. and foreign companies to seek special licenses from the Commerce Department to sell to it, but China hawks in the U.S. government have been frustrated by the vast number of supply chains beyond their reach. Others in the Trump administration fear antagonizing Beijing, which just signed a trade deal with Washington. They also worry the restrictions will drive innovation offshore and benefit foreign rivals.
Most chip manufacturers rely on equipment produced by U.S. companies like KLA (KLAC.O), Lam Research (LRCX.O) and Applied Materials (AMAT.O), according to a report last year from China’s Everbright Securities. “There is no production line in China that uses only equipment made in China, so it is very difficult to make any chipsets without U.S. equipment,” Everbright wrote.
https://www.reuters.com/article/us-usa-huawei-tech-tsmc/u-s-mulls-cutting-huawei-off-from-global-chip-suppliers-with-tsmc-in-crosshairs-idUSKBN20B1YO
>>8167139 Russia's Lavrov, after Pompeo meeting, says felt more constructive U.S. approach
notable
like SL, listen to his pressor's every so often on russia insight yt channel. Buy that man a drink for keeping it real and based-funny guy
have a bun going for an incoming baker-dropped at 400 and 600-need a baker or ebaker/notetaker after that
#10455
>>8167176 updated d'oh on ghost handoff
notables, not endorsements.
>>8167012 anon on Holder " Interdasting comms"-q drop 3856 and holder twats
>>8167100, >>8167141, >>8167174 U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs.
>>8167140 Sessions on his campaign for Alabama's Senate seat.
>>8167143 Federal Judge's Association calls Emergency Meeting
>>8167139 Russia's FM: Pompeo meeting had a creative approach (towards arms control).
>>8167073 Q #3838 (& #2807): [illusion of democracy]
>>8166999, >>8167034 Apple: Coronavirus will hurt quarterly revenue.
>>8167010 Bloomberg says minority males don't know how to behave in the workplace. (video)
baker change
>>8167159 Pompeo supports anticorruption drive in Angola
>>8167206 Attorney General William Barr is looking into the murky origins of the politically-charged Justice Department investigations that roiled American public life for the last three years
>>8167213 Anglo American Platinum CEO Chris Griffith quits-business live
here is what I have after ghosted bake
o7
nah…just serve with all you bad ass mofo's
I added a few in to the original list
nabby time
o7