Apple has warned that the destruction of the coronavirus will cause lower-than-expected revenue.
Microsoft said the production and sales were affected and that iPhone supply worldwide will be temporarily limited. Apple claim that the epidemic will hit its finance.
Apple, which had forecast record revenues of $67 billion for the quarter, did not disclose the likely blow. “We do not expect to meet the revenue guidance we provided for the March quarter,” Apple said in a statement. He added that” the rate of return to normal conditions is slower than expected.”
The company said sales of Apple products would fall as most stores in China closed or business hours were reduced. “Although our iPhone manufacturing partner sites are located outside Hubei province and all of these facilities have reopened, they are growing more slowly than we expected,” Apple said. “All our stores in China and many partner stores have been closed.” In addition, opening hours are reduced and customer traffic is low. We are gradually reopening our retail stores and will continue to do so as consistently and safely as possible.” All the Apple parts for iPhone repair will be a huge shortage for the next few months. JCB cuts production due to cornonavirus.
