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Coronavirus fallout likely to cut iPhone sales, fears Apple

18 Feb 2020 13:34, Somoy English Desk
Coronavirus fallout likely to cut iPhone sales, fears Apple
Coronavirus fallout likely to cut iPhone sales, fears Apple

iPhone production has slowed down due to viral outbreaks in China, and Apple Inc. warns all investors not to meet the second-quarter financial guidance.

California-based company Cupertino said Monday that all iPhone production facilities are out in Hubei, the epicenter of outbreaks, and all have reopened.

The California-based company said production is growing up slowly.

Apple said in a statement that, "Helping make these products possible is the highest priority of everyone's health and well-being, and we continue to work closely with our suppliers and public health experts as this ramp continues,"

Apple says demand for the iPhone has also dropped in China as most of Apple's 422 retail stores are shut down or operating within hours. China is Apple's third-largest retail market for iPhones after the US and Europe.

Apple out of China says the demand for the iPhone has been strong and the company is in line with expectations.

On January 28, Apple said they hoped second-quarter revenue of US$63 billion to US$67 billion. Apple's second-quarter will end on March 30th.

Apple has explained that the condition develops and will provide more information about its next earnings call in April.

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