Apple unlikely to meet revenue guidance due to Covid-19 impact


FILE PHOTO: 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. REUTERS/Aly Song

APPLE Inc said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China.

Apple's manufacturing facilities in China have begun to reopen, but they are ramping up more slowly than expected, the technology company said in a statement to its investors.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

New digital banks fuel sector growth in 2024
FBM KLCI poised for upward trend next week
Sydney Cake House takes top spot in AmBank BizRACE Season 4
How to win a property bidding war
The cost of comfort
It may become too taxing Down Under
Ringgit seen range-bound against US dollar next week on cautious sentiment
Navigating investment in 2025
Asia can sidestep unsteady ground
Transparency is the best policy in Batu Kawan project bid

Others Also Read