AAPL down >3% in pre-market after the coravirus news; possible $4B hit for sale

The announcement that Apple will not be affected, even the lower end of its forecast for the current quarter has seen AAPL down more than 3% in pre-sale the market.

At the time of writing, the stock is down more than $11, 3.5% down yesterday’s close…

Apple had already thought about coravirus uncertainties by giving exceptially wide orientati with a $4B range, but yesterday announced that he was going to miss this range completely.

Apple has stated that two factors are in play: disturbed iPhone producti and the decline in sales in China.

The analysts believe that the commercial success of the company may be as much as $4B.

Our quarterly guidance was issued January 28, 2020 reflects the best information available at the time, as well as our best estimates, the pace of return to work following the end of the extended Chinese New Year holiday February 10. The work begins to resume in the country, but we are seeing a slow return to normal cditis as we had anticipated. Accordingly, we do not expect to meet the revenue guidance that we provided for the quarter in March.

The latest World Health Organizati report the situati of said, it has now been 71,429 cfirmed coravirus cases in the world, with 1,775 deaths. It is more than 2 000 new cases and more than 100 people dead in the past 24 hours.

Our quarterly guidance was issued January 28, 2020 reflects the best information available at the time, as well as our best estimates, the pace of return to work following the end of the extended Chinese New Year holiday February 10. The work begins to resume in the country, but we are seeing a slow return to normal cditis as we had anticipated. Accordingly, we do not expect to meet the revenue guidance that we provided for the quarter in March.

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