March 10, 2020 / 8:00 AM / 21 days ago

BRIEF-Fitch Says Coronavirus Poses Risks To APAC Tech Hardware Companies

March 10 (Reuters) - Fitch:

* FITCH RATINGS: CORONAVIRUS POSES RISKS TO APAC TECH HARDWARE COMPANIES

* FITCH EXPECTS GLOBAL SMARTPHONE SHIPMENTS TO FALL BY A MID-SINGLE-DIGIT PERCENTAGE DUE TO WEAK DEMAND AND PRODUCTION DISRUPTION

* FITCH -VIRUS OUTBREAK WILL DISRUPT SUPPLY CHAINS, REDUCE SMARTPHONES SALES LEADING TO DISPROPORTIONATE NEGATIVE IMPACT ON CHINESE SMARTPHONE VENDORS

* FITCH- COVID-19 OUTBREAK IN CHINA, SUBSEQUENT SPREAD IN S. KOREA WILL REDUCE CAPACITY UTILISATION FOR SMARTPHONE VENDORS AND COMPONENT MAKERS IN 1Q20 Source text for Eikon:

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