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A top Wall Street analysis firm says the coronavirus pandemic upended its projections for the next decade in just 3 months. Here are 4 industries that may be forever altered by the outbreak.

Corporate America will likely be reeling from the impact of the coronavirus for years to come.  While some ramifications will be short-term, others will be more profound and could force industries like healthcare and manufacturing to drastically change their operations.  The outbreak is also leading companies to accelerate digital overhauls or pivot more quickly to new technology to meet the new reality of social isolation that could last for months.  UBS analysts wrote to investors that they ...
Tags: Apple, New York, London, China, Disney, US, America, Trends, General Motors, Tesla, Netflix, Ford, Nbcuniversal, Tim Cook, Ubs, James Bond


Apple supplier Foxconn's profit down 24% in last quarter of 2019

Taiwanese electronics manufacturer Foxconn reported a 23.7% fall in profit in the last three months of 2019 on Monday as it braces for the impact from the coronavirus pandemic that has hit demand from key customers such as Apple.
Tags: Money, businessNews, Foxconn


Bloomberg: Apple's 5G iPhone Still on Schedule for Fall Launch, But Future Products Could Be Delayed

Apple's 5G iPhone is still on track to launch within the company's typical annual fall release schedule, according to a new Bloomberg report on filed on Monday. Signs are that Apple's Chinese-centric manufacturing -- of which Hon Hai is the linchpin -- is slowly getting back on track. The next iPhones with 5G wireless capabilities remain on schedule to launch in the fall, partly because mass production isn't slated to begin until the summer, people familiar with matter have said. Foxconn (aka H...
Tags: Apple, Featured, Nikkei, Bloomberg, Oled, Foxconn, Reuters, Hon Hai, Zhengzhou, DigiTimes, Ming Chi Kuo Apple, Iphone 12


Sources in Apple's Supply Chain Dismiss Reports of iPhone 12 Launch Delay

Taiwanese makers of iPhone-bound printed circuit boards (PCBs) have denied reports that Apple has asked them to postpone volume production of Apple's 2020 iPhone by two months, according to a DigiTimes paywalled article. Taiwan's PCB makers in the supply chain of 5G iPhones have denied reports claiming they have been asked to postpone volume production by two months in line with a likely launch delay for Apple's new-generation devices amid the coronavirus pandemic, according to industry sources...
Tags: Apple, Featured, Nikkei, US, Bloomberg, Taiwan, Foxconn, Digitimes.com, PCB, United States China, Liao, Pegatron, Iphone 12, Pegatron CEO SJ Liao


Apple Considering Delaying iPhone 12 Launch 'by Months'

Apple is preparing to delay the launch of the 2020 iPhones expected to be equipped with 5G technology, according to sources with knowledge of Apple's plans that spoke to Japanese news site Nikkei. Apple has reportedly held internal discussions about the possibility of delaying the launch "by months" over fears of how well iPhones would sell in the current situation, and supply chain sources also believe that "practical hurdles" could push back the launch date, which was scheduled for Septembe...
Tags: Apple, Europe, Featured, Bloomberg, United States, Foxconn, United States China, Nikkei Apple, Iphone 12


iPhone Production in India Suspended as Population of 1.3 Billion Begins 21-Day Lockdown

Apple's iPhone factories in India are closing temporarily, after the Indian government ordered the country's population of 1.3 billion people to stay at home for at least three weeks in a bid to reduce the spread of coronavirus. The factories in India have suspended production until at least April 14 following the nationwide lockdown ordered by President by Prime Minister Narendra Modi. As reported by Bloomberg: Foxconn and Wistron Corp. have suspended production at their India plants, which...
Tags: Apple, India, Narendra Modi, Bloomberg, Foxconn, Hyderabad, Apple Inc, Modi, Bloomberg News, Hon Hai Precision Industry Co, Wistron, Wistron Corp, COVID-19 Coronavirus, Narendra Modi Foxconn


Foxconn Restaffs Factories, Says There Are Enough Workers to Meet 'Seasonal Demand'

Foxconn has reached its recruitment goals ahead of schedule and now has enough workers to meet "seasonal demand" at all of its Chinese plants, according to a statement released Sunday that was shared by Nikkei. Foxconn is one of Apple's main suppliers, and the hiring information suggests Foxconn's factories will be adequately prepared for the launch of Apple's fall 2020 iPhones. The factories of many Apple suppliers located in China were shut down for much of February, delaying device produc...
Tags: Apple, China, Bloomberg, Foxconn, Iphone 12, Foxconn Restaffs Factories, Nikkei Foxconn


Price gouging laws make it harder for the market to work

As the saying goes, “Nothing is certain but death and taxes.” I would add, “and anti-price gouging legislation in times of crisis.” Yet price increases in the face of sudden shortages are an important impetus to restore supply and demand market conditions that are closer to normal. As many of us have experienced in the past few weeks, buying toilet paper, hand sanitizer and face masks has become more difficult and more expensive. The reason, of course, is that unusually large numbers of people a...
Tags: California, Opinion, China, Sport, Soccer, New Jersey, Sharp, Department Of Justice, Foxconn, Mercatus Center, Veronique De Rugy, Opinion columns


Bloomberg: iPhone 12 Still on Course for Fall Launch Despite COVID-19 Disruption

The iPhone 12 is on course for a fall launch despite disruptions to mobile manufacturing in the wake of the coronavirus outbreak, according to Bloomberg, citing people familiar with Apple's supply chain. Apple’s next flagship iPhones, with 5G wireless capabilities, are still on schedule to launch in the fall, although that's partly because mass production isn't due to begin until May, said the people. They asked not to be identified discussing private supply chain issues.Apple typically announc...
Tags: Apple, China, Bank Of America, Bloomberg, Oled, Foxconn, Bloomberg.com, Reuters, DigiTimes, Iphone 12, COVID, COVID-19 Coronavirus, Ming Chi Kuo All


Apple won't let anyone buy more than 2 of the same iPhone model from its online store

Apple is stopping people from purchasing more than two units of the same iPhone model over its online stores in many countries, including the UK, United States and China. The move comes after Apple closed all of its brick-and-mortar retail stores outside China amid the ongoing coronavirus pandemic. It's possible Apple is trying to avoid online scalpers stocking up on iPhone models, then selling them for more on the grey market. Visit Business Insider's homepage for more stories. Apple is stop...
Tags: Apple, China, Trends, Tim Cook, Beverly Hills, Jeff Bezos, Foxconn, Reuters, UK US, Terry Gou, China Reuters, UK United States


How 4 multibillion-dollar industries hobbled by the pandemic are evolving to deal with the massive disruption

Corporate America will likely be reeling from the impact of the coronavirus for years to come.  While some ramifications will be short-term, others will be more profound and could force industries like health care and manufacturing to drastically change their operations.  The outbreak is also leading companies to accelerate digital overhauls or pivot more quickly to new technology, to meet the new reality of social isolation that could last months.  Follow all of Business Insider's latest upda...
Tags: Apple, New York, London, China, Disney, US, America, Trends, Netflix, Tim Cook, James Bond, NHL, Nbc Universal, Vietnam, Donald Trump, Foxconn


Five ways coronavirus will affect the connectivity and tech industry in 2020

This is a preview of Business Insider Intelligence premium research content. Business Insider Intelligence analyzes this industry and several others to provide in-depth analyst reports, proprietary forecasts, customizable charts, and more. Check if your company has BII Enterprise membership access. The telecommunications and consumer technology industries continue to feel the impact of the coronavirus. The initial outbreak of the coronavirus in China disrupted global supply chains, but as the...
Tags: Apple, Amazon, Microsoft, China, US, Trends, Barcelona, Vr, Ibm, Foxconn, MWC, China Telecom, Apple Google, Ming Chi Kuo, Perkins Coie, Business Insider Intelligence


A Chinese electric car maker backed by Warren Buffett re-tooled to make face masks when COVID-19 hit — now it says it's the world's largest mask factory

BYD, a Chinese electric car maker backed by Warren Buffett, says it has built the world's largest face mask factory, as first reported by Bloomberg. In a press release, the company said it can produce 5 million face masks and 300,000 bottles of disinfectant per day. In late January, as the coronavirus outbreak began to spread in China, BYD said it rapidly re-engineered its production lines, allowing it to make masks and disinfectants with more than 90% in-house parts. Other manufacturing compa...
Tags: Apple, China, Trends, Bloomberg, Warren Buffett, Samsung Electronics, Foxconn, Shenzhen, BYD, COVID


Apple has reopened its 42 retail stores in China, after closures to counteract the spread of COVID-19

Apple is reopening all 42 of its stores in China, having closed some in early February as a precaution against the coronavirus. A company spokesman confirmed to Reuters that the stores will all reopen Friday. In late February, Apple CEO Tim Cook said he was "very optimistic" China had the coronavirus under control, citing reductions in the numbers of new cases being recorded in the country. The company warned in February it would not meet its March revenue guidance, in part thanks to China sto...
Tags: Apple, Cook, China, Trends, Nasa, Tim Cook, World Health Organization, Foxconn, Wuhan, Reuters, Tedros Adhanom Ghebreyesus


iPhone Production Resumption in China Exceeds Foxconn's Expectations, But US Sales Concerns Remain

The founder of iPhone assembler Foxconn said on Thursday that the resumption of production at its factories in China had "exceeded expectations," following the coronavirus-related disruption of supply chains (via South China Morning Post). [Terry Gou Tai-ming] told reporters that the return to work effort at Foxconn's factories in China had "exceeded our expectations and imagination," and that supplies to its plants there and in Vietnam had returned to normal.Foxconn slashed its 2020 revenue ou...
Tags: Apple, South Korea, Japan, Mexico, China, US, Taiwan, United States, Ram, Vietnam, Foxconn, Hubei, South China Morning Post, Gou, Guo, Vietnam India


Resumption of work at Foxconn factories in China beats expectations, says founder

Terry Gou, founder of Apple's major manufacturing partner Foxconn, said on Thursday the resumption of production at its factories in China had "exceeded expectations" after a prolonged halt due to a coronavirus outbreak that had disrupted supply chains.
Tags: Apple, Money, China, businessNews, Foxconn, Terry Gou


Nikon delays the release of a new camera over a parts shortage blamed on coronavirus prevention

The novel coronavirus has delayed the release of Nikon's D6 sports-photography camera. In a statement Monday, Nikon said that measures taken to prevent the virus from spreading had caused delays in procuring parts for the D6, which was originally set to go on sale in March. The Japanese imaging giant apologized for the delays and says it's now aiming to release the camera at some point in May. Numerous multinational tech companies, including Apple, have seen their supply chains disrupted since...
Tags: Apple, Japan, China, Trends, Beverly Hills, Tokyo, Jeff Bezos, Nikon, Foxconn, COVID


DigiTimes: Apple's Travel Restrictions Could Delay iPhone 12 Launch Until October

Apple's ban on its engineers from traveling to Asia in the wake of the coronavirus has affected the development of its next-generation iPhone which could result in a delayed fall launch, claims a new report today from DigiTimes. According to the supply chain-focused Taiwanese publication, Apple has extended the deadline by one month to the end of April for the removal of a set of travel restrictions preventing its engineers from making business trips to Asia, and the restrictions have delaye...
Tags: Apple, Asia, Featured, China, Bank Of America, Bloomberg, Foxconn, Reuters, Ming Chi Kuo, China South Korea, DigiTimes, Iphone 12, COVID, COVID-19 Coronavirus, DigiTimes According, Italy Apple


Top Stories: 14-Inch MacBook Pro, iMac and Mac Mini Refreshes, and New AirPods on Horizon?

Rumors about upcoming Apple products are increasing as we head into March, even as the COVID-19 coronavirus continues to cause uncertainty about the timing. An entry-level "iPhone SE 2" or "iPhone 9" is widely expected in the near future, and it looks like iPad Pro, iMac, and Mac mini updates may also be coming. Subscribe to the MacRumors YouTube channel for more videos. Looking out a bit further, noted analyst Ming-Chi Kuo shared his thoughts on products coming through the end of 2021 t...
Tags: Iphone, Apple, Ios, Ipad, Mac, Disney, Intel, United States, Rumors, Foxconn, Orlando, Sophie, MacRumors YouTube, Lisa, Ming Chi Kuo, Zhengzhou China


Apple supplier Foxconn's revenue hammered by coronavirus fallout

Apple's manufacturing partner Foxconn reported its biggest monthly drop in revenue in about seven years on Thursday as the coronavirus outbreak continued to play havoc with its business.
Tags: Apple, Finance, Article, Foxconn, Reuters, FBN, Fbn/markets, Fox-business/markets/china, Fox-business/organization/apple, Fox-business/topic/coronavirus, 0a38204a-f5fb-5bf1-b471-9d5516b9a4ff


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Google has canceled its biggest event of the year because of coronavirus concerns. It's the latest major conference to be canceled. Airbnb may delay its public float to 2021 as coronavirus sends shivers through the market. The firm has been working toward a stock market debut and was reportedly looking to start the process around March or April. An Amazon employee in Seattle tested positive for coronavirus, the company said i...
Tags: Google, Amazon, Facebook, UK, Microsoft, China, US, Trends, Hp, Iran, Airbnb, Louisiana, Seattle, Hewlett Packard, Huawei, Foxconn


Foxconn expects iPhone production to return to normal this month

Foxconn, the main assembler of Apple products such as the iPhone and iPad, expects to resume normal production by the end of the month after the coronavirus outbreak forced it to close factories in China in late January.
Tags: Apple, China, Cnn, Foxconn


Foxconn, the maker of Apple iPhones, expects production to return to normal this month

Foxconn, the main assembler of Apple products such as the iPhone and iPad, expects to resume normal production by the end of the month after the coronavirus outbreak forced it to close factories in China in late January.
Tags: Apple, China, Cnn, Foxconn


Maker of Apple iPhones expects production to return to normal this month

Foxconn, the main assembler of Apple products such as the iPhone and iPad,expects to resume normal production by the end of the month after the coronavirus outbreak forced it to close factories in China in late January.
Tags: Apple, News, China, Stories, Foxconn


Foxconn to resume normal production in China end of March

Apple supplier Foxconn said it would resume normal production in China by the end of March and that more than half its seasonal workforce in the country had restarted work following the coronavirus outbreak.
Tags: Apple, Money, China, businessNews, Foxconn


Apple Will Release a Trackpad For the iPad Alongside New Pro Models, Report Claims

According to a report from The Information, Apple plans to introduce a trackpad-equipped keyboard attachment for the iPad Pro alongside its new iPad Pro models sometime this year. Ars Technica reports: This would make Apple's iPad Pro compete more directly with Microsoft's Surface lineup, with 2-in-1 convertible laptops, and with various Chrome OS devices. Apple's iPad has sold well in the marketplace, but power users often complain that its interface is not always suitable for heavy duty work. ...
Tags: Apple, Microsoft, China, Tech, Ars Technica, Foxconn, The Information Apple


‘This Is Quite a Blow.’ The Coronavirus Is Wreaking Havoc on the Video Game Industry

As many people around the world limit their time outdoors for fear of the coronavirus, one might think it’s a boon time for the video game industry, which can provide a form of entertainment that isolated people so desperately need. But in reality, the outbreak could not have come at a worse time for the gaming business. Concerns over the virus, which can cause potentially deadly health complications, have led organizers to postpone a major industry event where designers often make big ...
Tags: Apple, Facebook, News, Microsoft, China, Uncategorized, Sony, Nintendo, Huawei, Foxconn, GDC, Ahmad, Ismail, Washington University in St Louis, Rami Ismail, Niko Partners


One of Facebook's first 20 employees says the company lied to its own employees about whether it was developing a 'Facebook phone' (FB)

Facebook wanted to launch its own smartphone to rival Apple and Google, the details of which were reported in Steven Levy's new book, "Facebook: The Inside Story." The project, which never came to fruition, was so secretive that Facebook even denied the project to fellow employees, says the book. Levy quotes early Facebook employee Ezra Callahan saying it was "the first time I recall Facebook lying internally." Facebook never made its own phone, but a few years after the project it collaborate...
Tags: Apple, Google, Facebook, Trends, Intel, Levy, Htc, Wu Tang, Foxconn, App Annie, Chamath Palihapitiya, Steven Levy, GfK, Casey Newton, Palihapitiya, Ezra Callahan


Coronavirus fear touches off a global run on face masks

By DEE-ANN DURBIN, ANNE D’INNOCENZIO and JOSEPH PISANI | AP Business Writers Fear of the spreading coronavirus has led to a global run on sales of face masks despite evidence that most people who aren’t sick don’t need to wear them. Many businesses are sold out, while others are limiting how many a customer can buy. Amazon is policing its site, trying to make sure sellers don’t gouge panicked buyers. In South Korea, hundreds lined up to buy masks from a discount store. Rumors that toilet paper a...
Tags: Apple, Health, Amazon, Asia, South Korea, Hong Kong, Europe, New York, News, Minnesota, Cdc, China, Boston, US, Toronto, Walmart


Tim Cook says he's optimistic that China is getting the coronavirus under control and says Apple has reopened factories

Tim Cook says he's "very optimistic" China is getting the novel coronavirus under control. Speaking to Fox Business on Thursday, the Apple CEO said the company was reopening factories and ramping up iPhone production. China is a key country for Apple, with so many iPhones manufactured in the Chinese city of Zhengzhou that it's nicknamed "iPhone city." Apple warned earlier in February that it would not meet its March revenue targets thanks to a production slowdown and China store closures. Visi...
Tags: Apple, Cook, China, Trends, Fox, United States, Italy, Tim Cook, Beverly Hills, Who, World Health Organization, Jeff Bezos, Foxconn, Fox Business, Iran China, Zhengzhou