The tech giant said production and sales were affected, and that "worldwide iPhone supply would be temporarily constrained".
The iPhone maker is the first major US company to say that the epidemic will hit its finances.
Apple, which had forecast record revenues of up to $67bn in the current quarter, did not reveal the likely hit.
"We do not expect to meet the revenue guidance we provided for the March quarter," the company said in a statement, adding that it was "experiencing a slower return to normal conditions" than expected.
With most stores in China either closed or operating at reduced hours, sales of Apple products would be lower, the company said.
Apple said that "while our iPhone manufacturing partner sites are located outside the Hubei province - and while all of these facilities have reopened - they are ramping up more slowly than we had anticipated.
"All of our stores in China and many of our partner stores have been closed," it added. "Additionally, stores that are open have been operating at reduced hours and with very low customer traffic. We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can."
Click Here To Read Full Story
5 Comments
But despite hopes that factories and shops are slowing getting back to normal, Apple's warning will underline that China's economy will be seriously affected by the coronavirus.
ReplyDeleteThe head of the International Monetary Fund, Kristalina Georgieva, has said there could be a cut of about 0.1-0.2 percentage points to global growth, but stressed there was much uncertainty about the virus's economic impact.
DeleteThis virus is serious threat to whole world
ReplyDeleteApple iGadget Cart, the largest USA online shop for smartphones, Gadgets, and Accessories. iGadget Cart provides Apple Gadgets at the Best price with fast delivery & warranty. If you need Apple Gadget Support, You can contact us at Apple Customer Service Number +1-855-974-2101 for instant Apple Technical Support
ReplyDeleteIf you're looking to lose pounds then you have to start following this totally brand new custom keto meal plan diet.
ReplyDeleteTo produce this service, licensed nutritionists, fitness couches, and professional chefs joined together to develop keto meal plans that are productive, decent, economically-efficient, and satisfying.
Since their launch in 2019, thousands of clients have already remodeled their figure and well-being with the benefits a smart keto meal plan diet can give.
Speaking of benefits: clicking this link, you'll discover 8 scientifically-certified ones provided by the keto meal plan diet.