Coronavirus negative for Apple and Huawei due to dependence on China
The increasing number of deaths and confirmed cases attributed to the coronavirus will likely depress Chinese IT product demand in 1Q20, which heightens uncertainty in the supply chain. Several plants in China have resumed operation since Feb 10 but it will still take some time before the plants get back to normal as fewer people have returned from the Lunar New Year holiday, new systems are required for the plants to restart (temperature check kits, masks, etc.), and only workers who have been in