TECH
Apple to Fall Short of Projected Revenue Due to Coronavirus
The tech giant also said that iPhone supply will be constrained
China Slowly Heads Back to Work After Coronavirus Shutdown
Life in China is far from normal as factories try to ramp up production after an extended Lunar New Year holiday because of the virus outbreak. The WSJ’s James Areddy heads to Shanghai's factory district and explains how the slow start will affect the country’s economy. Photo: AGENCE FRANCE-PRESSE/GETTY IMAGES
By Tripp Mickle
Updated Feb. 17, 2020 7:06 pm ET
Apple Inc. became the first major U.S. company to say it won’t meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China.
The tech giant had projected last month record revenue for the current quarter of between $63 billion and $67 billion, which it said was a wider than normal range due to the virus. The technology giant didn’t provide on Monday an updated sales estimate, saying that...
READ MORE: https://www.wsj.com/articles/apple-says-wont-meet-revenue-guidance-in-quarter-due-to-coronavirus-11581974923?mod=hp_lead_pos1
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