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Apple warns that the coronavirus is expected to hurt quarterly revenue due to store closures in China and impacted iPhone production

1 month ago   |   By Business Insider

In a Monday press release, Apple warned that it expected to take a revenue hit due to the novel coronavirus outbreak in China.
It offered two explanations: slowed production of iPhones due to the novel coronavirus, and the closure of Apple stores in China during the outbreak.
The epicenter of the virus is thought to be Wuhan, China. Thus far, the virus has infected more than 71,000, and killed more than 1,700. The majority of the cases are concentrated in China, but it has spread to more than 25 other countries.
Apple is not the only country to be impacted by the novel coronavirus: some in...
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Apple warns coronavirus will hurt iPhone supply and its quarterly revenue - CNET

Apple warns coronavirus will hurt iPhone supply and its quarterly revenue - CNET

1 month ago   |   By CNET

The virus is taking a toll on the company, both with fewer Chinese customers shopping and a shutdown in factories.
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