Apple claims that it will not meet Q2 earnings in the range due to coravirus, iPhone supply cstraints

Apple has shared an investor update this afterno based the guidance it has provided for the Q2 2020. During the outbreak of coravirus, Apple claims that it does not touch the March revenue guidance for the numbers he has provided.

Apple provided a wider than usual range of revenue range for the 2nd quarter, the forecast revenues between $63.0 billi and $67.0 billi. Apple now says that it will not hit even the low end of the range due to the effects of the sars coravirus in China:

Apple cites two main reass for this: in the entire world cstraints for iPhone supply and demand for Apple products in China. First of all, Apple says that manufacturing facilities in China have reopened, but with slower-than-expected producti rates:

He also said that Apple Stores in China, the opening of back up slowly, but with a very low-traffic client:

Outside of China, Apple tells investors that the request of the customer across products and services categories was “strg-to-date and in line with our expectatis.” Disruptis Apple’s business is “ly temporary,” he said. “Apple is fundamentally strg.”

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.

Apple provided a wider than usual range of revenue range for the 2nd quarter, the forecast revenues between $63.0 billi and $67.0 billi. Apple now says that it will not hit even the low end of the range due to the effects of the sars coravirus in China:

Apple’s full announcement here. The company says it will provide more information during its 2nd quarter of fiscal 2020 for the publicati of the results and the call in April.

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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