Feb 5, 2020
Coronavirus: LG pulls out of Mobile World Congress
LG has pulled out of one of the world's biggest tech shows citing fears over the spread of coronavirus. The South Korean tech firm has cancelled its appearance at Mobile World Congress, which is held every year in Barcelona. There have been more than 24,000 cases of coronavirus in China to date but only a handful of cases - by comparison - elsewhere in the world. Hon Hai, the Chinese manufacturer which produces iPhones for Apple, has cut its sales forecast for the year, thanks to the spread of coronavirus. Hon Hai's chairman told Bloomberg that it expected sales growth between 1% and 3%, rather than a previously projected 3-5%. And Sony, which also produces components for Apple and other tech firms, including Huawei, told investors on an earnings call that coronavirus may also affect its production lines for image sensors.
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