by Mish Shedlock, The Maven:
Global manufacturing, including the iPhone, is under severe strain because of coronavirus related work stoppage.
Iphone Disruption
Floating Quarantines
China is effectively shut down and goods are now stranded in floating quarantines.
Foxconn employs 350k in the city of Zhengzhou in Henan Province. 94 production lines assemble 350 iPhones/minute, 500k per day.
See the chart, this was deemed too dangerous to restart.
Question for Tim Cook, when does iPhone production begin again? The closest month will do. https://t.co/WpHrywV1C7 pic.twitter.com/FfTu7tv4vg
— Jim Bianco (@biancoresearch) February 9, 2020
If the ballpark projections of epidemiologists are correct and Beijing doesnt just YOLO and send its populace back to work
Around May would likely be ballpark for when employees could go back to work.
— Avid Commentator