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
Coronavirus doesn't care abt Capitalism.
That’s really sad😴
There's a global pandemic and people are dying and Apple are worried about sales.👌🏼
So what’s that mean? They’ll only make $243 Billion this year? Thank goodness for Trump’s corporate tax break.
Really? Only concern is money and not lives? SHAME
Make them in America
Who cares?
Lol 😂😂😂😂😂😂 good one apple
Sounds like a great business decision to have one place responsible for the one task.
Apple: you should have manufactured your products in USA instead of exploiting chinese slave labor. greed
Appreciate the concern for the sick and dying though.
The Apple Mask. Connects to your iPhone, starting price USD50
Thought and prayers
If someone who handled or helped build the phone was infected... can it be passed on to the person who buys/handles the phone? Scary thought. Glad I don't buy Apple products.
Maybe Apple should start making their products in the U.S.!!!!
Start making 😷 masks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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. Last time it warned it doubled..... $700 anyone? $AAPL That was expected, but not discounted in market value.
Source: CNBC - 🏆 12. / 72 Read more »
Apple warns it will miss quarterly revenue target due to effects of coronavirusApple cited effects if the coronavirus-borne disease COVID-19 as it warned late Monday that it no longer expects to meet the revenue guidance it offered in... At least there's time for a pause! Chepaw89 appl to 10 dollars. jimcramer madtweets $AAPL still an “own don’t trade” with this news?
Source: MarketWatch - 🏆 3. / 97 Read more »
Hidden Brain: Passion Isn't Enough on Apple PodcastsMillions of Americans see politics as a form of self-expression rather than as a mechanism for change. eitanhersh calls it 'political hobbyism.” “Emotion is the goal. It makes you feel connected to something without doing anything yourself.” eitanhersh Political posturing and would-be poll-answering. eitanhersh What we need is to get rid of all these people trying to bring trump down and let him make all the decisions by himself! MAGA2020 TrumpAutocracy eitanhersh This is truth. A lot of whites are guilty of doing so.
Source: NPR - 🏆 96. / 63 Read more »
Apple says worldwide iPhone supply will be 'temporarily constrained' due to coronavirusthat's what happens when you do business with China MadeInAmerica That...or people are tired of paying $600 for an iPhone
Source: ABC - 🏆 471. / 51 Read more »
'Amazing Stories': Trailer for Apple Anthology Showcases Robert ForsterThe teaser for Apple's anthology series 'Amazing Stories' features the late Robert Forster in one of his final roles I have fond memories watching Amazing Stories the original series from the 80's from when I was a kid . Hope they don't stray too much from the 80's series that I love. 'Best true crime book in years!' Extremely intense journey into the world of drugs n crime. NYC
Source: THR - 🏆 411. / 53 Read more »
SiFive VP Chris Lattner shares what he learned at Apple, Tesla, Google - Business InsiderThe former Apple engineer who created the programming language Swift has joined AI chip startup SiFive. Here's what he learned working at Apple, Tesla, and Google.
Source: BusinessInsider - 🏆 729. / 51 Read more »