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Apple warns on revenue guidance due to production delays, weak demand in China because of coronavirus
KEY POINTS
- Apple said Monday it does not expect to meet its second-quarter forecast for revenue.
- The company cited global supply constraints for iPhones and lower Chinese demand as a result of the coronavirus outbreak.
- Apple said in late January that it expected revenue of $63 billion to $67 billion in its fiscal second quarter.
READ FULL ARTICLE HERE >> https://www.cnbc.com/2020/02/17/apple-warns-on-coronavirus-it-wont-meet-revenue-guidance-because-of-constrained-iphone-supply-and-suppressed-demand-in-china.html