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UBS note a big fall in iPhone demand in China in January – February “likely to be far worse”

  
  Analysis
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Apparently still some folks about not taking this outbreak seriously.
Anyways, UBS via Bloomberg:
  • Apple iPhone sales January… Demand for the product fell 28% compared with the previous month, a bigger decline than usual for that time of year
  • “February numbers are likely to be far worse due to both supply and demand issues related to the virus outbreak”
More:
  • company also closed all of its 42 physical stores in mainland China
  • beginning to reopen them now.
  • The situation is so fluid that Apple hasn’t given a new revenue forecast

Coronavirus – China’s Global Times says “actual number of overall infections … unknown”

  
  Analysis
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Here is a piece ion China’s GT on what is going in Wuhan, the centre of the virus outbreak:

  • Wuhan was still confronted with a severe situation with slow progress. 
  • The actual number of overall infections in the city where the virus originated in December 2019 remained unknown; the number of reported cases in the city accounting for a large portion of total infections in China. 
  • And despite over three weeks of city lockdown, the human-to-human transmission still continued and many patients could still not be treated in time, according to medical experts and observers.
  • It’s time to sound horns for a full-scale mobilization of Wuhan people, 
Link here for more
Here is a piece ion China's GT on what is going in Wuhan, the centre of the virus outbreak:
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