How Corona Virus Affect The TECH Industry !!
Corona Virus Spreads all over the world and most in china and today we talk about how the corona virus affect the tech Industry.those were pictures from Wuhan China the place where the corona virus originated from Iran is a city with a population of over 1.1 cocore people and it's a major technical hub it's bet it's the hub of producing automobiles electronics optics and fiber in fact 230 of the fortune 500 companies have investments in the city the coronavirus has had a terrible effect on the city .since then it has failed across the world over 40,000 cases have dropped up the death toll has crossed 900 and his rising very fast but the virus has also had a huge impact on the tech industry it has affected everything from the supply chain in the manufacturing sector to events like MWC 2020 which is just around the corner on the other hand the Chinese tech industry has evolved really fast to deal with this epidemic I'll be talking about that later and the videos of donors.
The Main-Land China :
Look china is the world's biggest manufacturing hub and most companies depend on China for manufacture iPhones are made in China , motorola has a factory in Wuhan and Tesla has one of his biggest factories in Shanghai so when China shut down most of mahon and sent its factory workers home to curb the spread of the epidemic a lot works out for these companies Foxconn the company that manufactures iPhones reduced its growth forecast from 5% to under 3% horn hi which is another manufacturer of iPhones has cut its sales forecast down to 1 to 3 percent and analysts are reporting that Apple might have to delay the launch of its iPhone se 2 or the iPhone 9 because of these issues sure the factories that make the iPhone are quite far away from Wuhan but Iran is a hub for manufacturing components that go into making up smartphones like the iPhone so companies like Apple are expected to be hit really hard due to this virus even Tesla has had to close down its path began it had to delay deliveries of its more than 3 car because of this almost every tech company is facing supply and manufacturing issues because of the corona virus and that's a big problem however an even bigger problem is faced by the display industry because it doesn't only depend on China the world's largest LCD manufacturer technology has its biggest factory in Wuhan the company account for 17 percent of LCD production globally and it is being hit hard due to the corona bias in fact reports estimating that LCD panels will become more costly by one or two dollars per panel because of the company's problems in China I know $2 might not sound like a lot but it will add up to the overall cost of devices like televisions and smartphones etc I mean if companies have to pay 2 dollars more for LCDs and they obviously still want to make a profit who do you think will end up paying that extra price the consumers obviously and that's not a good thing for anyone but even that's not all Sony which is one of the major companies for smartphone camera sensors has its factories in China as well and the company has said that it is facing production delays just imagine a shortage of camera senses for smartphones these sensors are used by almost every single brand out there including Apple who will and others the point is we should all be getting ready to see delayed launches or shortages of supply in the coming months I mean the ROG phone 2 is already running low on stock because of the corona virus and it doesn't seem to be getting any better but that's the supply chain and if you think that isn't a big deal wait till you hear this MWC which is the world's biggest smartphone event is also being affected because of coronavirus companies like LG Nvidia Ericsson Sony and Amazon have pulled out of MWC 2020 because of coronavirus fears and I mean why not right it's a scary situation other companies like wow they are taking precautions and it has reportedly asked its executives to stay in a 14-day Gordon time before the event but the thing is major tech companies are canceling their mwz plans and that's a big.So let's hope things go well
Look all of that sounds scary but so far the worst-hit country is China and one interesting thing I saw when I was reading about the corona virus is how the Chinese companies have evolved during this crisis it's really interesting let me tell you since everyone in China is scared about being exposed to the virus food delivery companies have started delivering food in a different way they simply leave the food in a specified place and the user can pick it up it's contactless and reduces the risk of corona virus spreading schools and gems are also suspended in China but classes have moved online to services like new co & Veatch app even gems have become virtual and are offering fitness classes online through apps like tip-top it's really very interesting right also I mean even though there is a virus people still want to get entertained and obviously they can't go to watch movies so movie releases are skipping theaters completely and coming straight to streaming services like bite dances platforms 10 cent video and Baidu's platform even real estate companies and I hope it resolves quickly and things go back normal soon on that note I'll be signing off in the meanwhile stay safe.
Thanks For Reading This Article :)
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