) said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China.
The warning from the most valuable company in the United States sobered investor optimism that economic stimulus by Beijing and other countries would protect the global economy from the effects of the epidemic.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.20% while Japan's Nikkeislid 0.59%. Apple told investors its manufacturing facilities in China have begun to re-open but are ramping up more slowly than expected.
“If Apple shares were traded cheaply, that might not matter much. But when they are trading at a record high, investors will be surely tempted to sell.” As China’s authorities try to prevent the spread of the disease, the economy is paying a heavy price. Some cities remained in lockdown, streets are deserted, and travel bans and quarantine orders are in place around the country, preventing migrant workers from getting back to their jobs.
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Like fingers crossed re another heart palpitating pedal to the floor Tesla ride when the market opens tomorrow. GigaBerlin porschetaykan
This will turn out to be expected. With the juice coming from China , USA and rest of the world. Markets will look past it. Expect more guidance that looks like this.
apple warns ? We've reached such dizzy heights... jeez
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