Coronavirus impact means Apple won’t meet quarterly revenue target

//Coronavirus impact means Apple won’t meet quarterly revenue target

Coronavirus impact means Apple won’t meet quarterly revenue target

Apple does not expect to meet its revenue guidance for the March quarter due to work slowdowns and lower demand due to the outbreak of novel coronavirus in China.The company said that the iPhone, which generates the bulk of Apple’s revenue, is temporarily constrained due to production ramping up more slowly than anticipated.“Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” the company said in a statement on…

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By | 2020-02-17T23:40:27+00:00 February 17th, 2020|Headlines|Comments Off on Coronavirus impact means Apple won’t meet quarterly revenue target