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Apple cuts sales forecast as coronavirus ripples spread through supply chain

All the drama in the cellular industry last week surrounded the cancellation of Mobile World Congress (MWC) as a result of the current outbreak of coronavirus in China and beyond. One by one, large companies had pulled out of the show, citing fears for their employees and customers, despite many safeguards put in place by organizers the GSMA. But the impact of the epidemic will affect the industry on a far wider basis, with analysts starting to assess the effect on semiconductors and handsets. The effect that a year without MWC has on participants’ performance will be assessed over the coming months, and the GSMA will be fearing that companies find it to be relatively low, perhaps arming them with…

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