While there are undoubtedly concerns this could hurt availability of LG's own phones, it might not be the only company hit by the shutdown. LG Display makes screens for a range of companies, including some of Apple's iPhones. A closure of just a few days could lead to shortages if there isn't enough supply beforehand.

This latest coronavirus outbreak has been damaging to tech companies across the board. Apple has warned of iPhone shortfalls, while Microsoft said it won't meet expectations due to COVID-19's impact on the PC world. That's not including cancelled trade shows. The industry may be reeling for a while -- it just comes down to which companies will feel the pinch.