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Seven Days: 21 February 2020

Seven Days: 21 February 2020

Apple warns on sales

Hit by coronavirus

As explored in our news pages this week, Apple (US:APPL) has warned on revenues for the quarter to March as a result of the coronavirus outbreak. The tech giant said that worldwide iPhone supply will be temporarily constrained, because its manufacturing partner sites – which are located outside of Hubei province – have been ramping up more slowly than anticipated since reopening. Demand for products in China has also, somewhat inevitably, been affected – given that all Apple stores and partner stores in the country have been closed. These are gradually reopening. Outside of China, customer demand has been in line with expectations.  

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