Apple's coronavirus warning that it won't sell enough iPhones is great news for Samsung.

Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple Inc on Monday, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.

Half of Samsung's smartphones are now made in Vietnam, where the coronavirus that has crippled the China operations of Apple and many other firms has so far had only a limited impact on its production.

Apple said on Monday it would not meet its revenue guidance for the March quarter due to the coronavirus impact on both production and sales in China, where most iPhones are made. Foxconn, Apple's main manufacturing partner in China, closed some of its biggest facilities and even diverted production to start making face-masks and medical clothing. Manufacturing facilities have begun to reopen, but they are ramping up more slowly than expected, Apple said on Monday.


By Isobel Asher Hamilton.
Full story at Business Insider.