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Home / NewTech / Apple's Coronavirus outbreak warns investors that second quarter financial goals will not be achieved – Technology News, Firstpost

Apple's Coronavirus outbreak warns investors that second quarter financial goals will not be achieved – Technology News, Firstpost



Apple warns investors that it will not meet its second quarter financial forecast due to the virus The outbreak in China has stopped production set by iPhones.

The Cupertino, California-based company announced on Monday that all iPhone manufacturing facilities are outside of Hubei Province, the epicenter of the outbreak, and all have been reopened. However, the company said that production is slowly increasing.

"The health and well-being of anyone who enables these products is a top priority for us, and we are working closely with our suppliers and public health experts. The ramp continues," Apple said in a statement.

   In the event of a Corona virus outbreak, Apple warns investors that the financial targets of the second quarter will not be achieved.

Representative image: Pixabay

The number of deaths from COVID-19, a disease caused by the disease. The new coronavirus was 1,770 on Monday .

According to Apple, demand for iPhones is also declining in China, as many of Apple's 42 retail stores there are closed or have reduced opening hours. China is Apple's third largest iPhone retail market after the United States and Europe.

will bring back Indians and citizens of neighboring nations)

Outside of China, Apple said iPhone demand was strong and met company expectations.

On January 28, Apple expected second place quarterly sales of between $ 63 billion and $ 67 billion. Apple's second quarter ends March 30.

Apple says the situation is evolving and will provide more information about its next call for earnings in April.

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