Apple says the coronavirus outbreak will keep the company from meeting revenue expectations for the March quarter
Apple expects to fall short of it previously reported revenue guidance for the March quarter because of problems in production and demand in China due to the"Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated," Apple said.that its quarterly guidance issued in late January was based on the best information it had at the time.
It added that the worldwide iPhone supply will be temporarily constrained and that demand for its products in China has been affected, noting that all of its stores in China and many of its partner stores had been closed. The stores that are open are open at reduced hours and"with very low customer traffic," Apple said."We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can," it said.Sign Up
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