Apple

Apple has warned of reduced iPhone shipments due to coronavirus

Apple is one of the tech giants that suffered from the outbreak of coronavirus in China. This was confirmed by Apple itself in an appeal to its investors.

Apple has warned of reduced iPhone shipments due to coronavirus

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On the eve of Apple made an official statement on its website. The company announced a restriction on iPhone shipments worldwide due to quarantine at its contractors' factories in China. In this regard, Apple warned shareholders that it will not be able to fulfill the profit plan for this quarter.

Apple's revenue in the first quarter of 2020 will be lower than planned for two reasons. First, profits will be affected by restrictions on iPhone shipments around the world, and secondly, a decrease in sales of Apple devices inside China due to the coronavirus that rages there and the quarantine introduced in connection with this.

Recall that in the report for the last quarter, Apple predicted that in the current quarter, the company's revenue would amount to 63-67 billion dollars, and operating expenses – from 9.6 to 9.7 billion. We can only guess what financial results the manufacturer will demonstrate now.

Chief editor of the blogErika J. Wells .

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