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Apple’s China iPhone Sales Dropped in January as Virus Emerged

  • February demand likely to be ‘far worse,’ UBS analyst says
  • Overall smartphone sales in China slumped about 37%, data show
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WATCH: Roger McNamee, Elevation Partners co-founder and author of 'Zucked', discusses the coronavirus impact on tech and election security.(Source: Bloomberg)

Apple Inc.’s China iPhone sales dropped in January as the coronavirus began to spread, according to an analysis of government data on Monday.

Demand for the product fell 28% compared with the previous month, a bigger decline than usual for that time of year, according to a UBS research note citing official Chinese data.