US tech giant Apple says won't meet revenue target as coronavirus hits both production and demand in China
People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of the new coronavirus, in Shanghai, China, January 29, 2020.
"We do not expect to meet the revenue guidance we provided for the March quarter," it said in a statement, adding that worldwide iPhone supply would be "temporarily constrained" and demand in China had been affected. Elsewhere, hundreds more have been infected and the virus has sparked panic buying, economic jitters as well as the cancellation of high-profile sporting and cultural events.
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."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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple cuts revenue guidance due to production delays, weak demand in China because of coronavirusApple said in late January that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter.
Consulte Mais informação »
U.S. stock futures retreat, Asia dips after Apple warns on virus impactU.S. stock futures slipped from record levels on Tuesday after Apple Inc said it...
Consulte Mais informação »
Apple Warns of Sales Shortfall for March Quarter, Blaming Coronavirus OutbreakApple said the spread of the coronavirus in China has disrupted iPhone manufacturing and driven down sales in the country. As a result, the tech giant said it now expects to undershoot the revenue …
Consulte Mais informação »
Apple warns of 'iPhone supply shortages' because of coronavirusApple warned investors on Monday that the ongoing coronavirus outbreak is hurting its business more than previously expected by limiting how many devices it can make and sell in China.
Consulte Mais informação »
Asia markets set to trade mixed after Apple issues revenue warning on coronavirus impactApple suppliers in Asia will be watched, as the tech giant warned it may not meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand as a result of the coronavirus outbreak.
Consulte Mais informação »
Apple says coronavirus will keep it from meeting revenue expectationsThe company said its manufacturing sites in China are ramping up more slowly than anticipated and the supply of iPhones is constrained.
Consulte Mais informação »