Coronavirus may lead to 10% drop in iPhone shipments: Analyst

San Francisco: The rapid spread of the novel coronavirus may adversely affect Apple’s supply chain, leading to a 10 per cent drop in iPhone shipments in the first quarter of 2020, according to a forecast by top Apple analyst Ming-Chi Kuo.

In a note to investors, Kuo’s firm TF international Securities said it is still not clear if the coronavirus impact will hurt iPhone shipments in the second quarter of this year.