Subtitles section Play video Print subtitles CONNELL: LAUREN? CONNELL: BACK TO THE NEWS WE CONNELL: BACK TO THE NEWS WE BROUGHT YOU AT THE TOP OF THE BROUGHT YOU AT THE TOP OF THE HOUR. HOUR. TO SUSAN LI. TO SUSAN LI. WHAT DID APPLE SAY? WHAT DID APPLE SAY? >> APPLE WILL NOT MEET SALES >> APPLE WILL NOT MEET SALES TARGETS IN CHINA. TARGETS IN CHINA. THIS TIME IT IS CORONAVIRUS IN A THIS TIME IT IS CORONAVIRUS IN A STATEMENT THEY WILL NOT MEET THE STATEMENT THEY WILL NOT MEET THE SALES TARGET FOR THE SALES TARGET FOR THE FOURTH QUARTER. FOURTH QUARTER. THEY'RE BASICALLY SAYING THAT THEY'RE BASICALLY SAYING THAT WORLDWIDE iPHONE SUPPLY IS WORLDWIDE iPHONE SUPPLY IS TEMPORARILY CONSTRAINED EVEN TEMPORARILY CONSTRAINED EVEN THOUGH MOST OF THEIR SUPPLIERS THOUGH MOST OF THEIR SUPPLIERS AND MANUFACTURERS, THE COMPILERS AND MANUFACTURERS, THE COMPILERS ARE OUTSIDE OF HEBEI PROVINCE ARE OUTSIDE OF HEBEI PROVINCE THEY STILL HAVE A LOT OF PARTS THEY STILL HAVE A LOT OF PARTS SHORTAGES TAKING PLACE AND A LOT SHORTAGES TAKING PLACE AND A LOT OF FLUX SHALL WE SAY IN TERMS OF OF FLUX SHALL WE SAY IN TERMS OF WHICH OF THESE FOXCONN FACTORIES WHICH OF THESE FOXCONN FACTORIES ARE REMAINING OPEN, WHICH ONES ARE REMAINING OPEN, WHICH ONES WILL BE CLOSED. WILL BE CLOSED. WHEN THE FULL RETURN OF WORKERS WHEN THE FULL RETURN OF WORKERS GET BACK AFTER THE LUNAR NEW GET BACK AFTER THE LUNAR NEW YEAR HOLIDAY AND THE CONSTRAINT YEAR HOLIDAY AND THE CONSTRAINT WE'VE SEEN FROM THE CORONAVIRUS WE'VE SEEN FROM THE CORONAVIRUS AS WELL. AS WELL. THEY SAY DEMAND IS STILL THERE. THEY SAY DEMAND IS STILL THERE. WE HAVE SEEN A LITTLE BIT OF A WE HAVE SEEN A LITTLE BIT OF A DIP IN DEMAND BECAUSE PEOPLE ARE DIP IN DEMAND BECAUSE PEOPLE ARE NOT ALLOWED TO LEAVE THEIR HOMES NOT ALLOWED TO LEAVE THEIR HOMES TO GO BUY THEIR iPHONES. TO GO BUY THEIR iPHONES. PRODUCTION IS A BIT CONSTRAINED PRODUCTION IS A BIT CONSTRAINED AS WE KNOW MORE THAN HALF OF AS WE KNOW MORE THAN HALF OF THE iPHONES ARE BUILT AND THE iPHONES ARE BUILT AND COMPILED STILL IN CHINA BUT THIS COMPILED STILL IN CHINA BUT THIS IS TEMPORARY. IS TEMPORARY. DON'T FORGET APPLE IN THEIR MOST DON'T FORGET APPLE IN THEIR MOST RECENT QUARTER REPORTED RECORD RECENT QUARTER REPORTED RECORD SALES AND REVENUE IN THIS SALES AND REVENUE IN THIS TRANSITION TO SERVICES IS STILL TRANSITION TO SERVICES IS STILL ON GOING. ON GOING. WHETHER OR NOT WE GET THE WHETHER OR NOT WE GET THE CHEAPER iPHONE THIS SPRING I CHEAPER iPHONE THIS SPRING I THINK IS PROBABLY IN QUESTION THINK IS PROBABLY IN QUESTION GIVENT SUPPLY CHAIN DISRUPTIONS GIVENT SUPPLY CHAIN DISRUPTIONS WE'VE SEEN FROM THE CORONAVIRUS WE'VE SEEN FROM THE CORONAVIRUS OF THE GUYS? OF THE GUYS? LAUREN: SUSAN LI. LAUREN: SUSAN LI. A STOCK WE WATCH TOMORROW.
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