Coronavirus affects many people in China, and this, inevitable, affecting the work and results of certain companies They have their own factories in Asia where there has been a health warning about the virus, which has prompted many companies to withdraw from the World Congress, resulting in this year being canceled.
And now is the time when companies that years ago moved their production, or part of it, to other countries, as is the case with Samsung, that can benefit from this break is Apple.
Apple will not comply with its March earnings guidelines
The apple company has announced that will not be able to meet your salary guide next March due to coronavirus, as BusIInsider points out, due to the coronavirus impact in the Asian country, where Apple's main partner, Foxconn, would just shut down some of its major factories and facilities.
Samsung, meanwhile, has a position that will make it suffer more than any other company, especially because It has industries in other countries, Although the components are imported from China, and this addition to their proper position and overflow in many markets may allow, albeit more affected, than a win-win mechanism.
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In the meantime we'll have to see how this issue unfolds, because Samsung can even exploit these frustrations that the American company suffers. But we will need to see the quarterly results to see if this result is being monitored or not.
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