Apple, more than most companies, stands to lose from the coronavirus outbreak

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Apple, more than most companies, stands to lose from the coronavirus outbreak
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Apple relies heavily on manufacturing in China and on Chinese consumers as a key revenue driver, making it highly susceptible to disruption as a result of the coronavirus outbreak.

But Apple , perhaps, stands to lose more than others: It relies heavily on manufacturing in China and on Chinese consumers as a key revenue driver. Although many analysts think it's too early to tell just how hard Apple might be hit by the disease, any major or extended disruption could hammer its production and sales in one blow.Apple had been looking forward to a turnaround in China. Last year, slumping demand hit sales numbers, and trade tensions caused uncertainty for its supply chain.

How the coronavirus is already hurting global business "We're also working very closely with our team and our partners in the affected areas, and we have limited travel to business-critical situations as of last week," Cook said."The situation is emerging and we're still gathering lots of data points and monitoring it very closely.

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