Global markets fell overnight after tech giant Apple warned it would miss its quarterly sales target due to the impact of the coronavirus outbreak.AUD: 66.85 US cents, 51.43 British pence, 61.92 Euro cents, 73.44 Japanese yen, $NZ1.046Europe: FTSE 100 -0.7pc at 7,382, DAX -0.75pc at 13,681, CAC -0.5pc at 6,056, Euro Stoxx 50 -0.3pc at 3,511Apple's announcement, with the sector closing more than 1 per cent lower, while markets in Japan, South Korea and Hong Kong posted sharp falls.
"The situation is evolving … Apple is fundamentally strong and this disruption to our business is only temporary," it said. In the final hour of trade, Apple shares were down by 1.7 per cent, as were shares in Apple supplier QualComm.
Oh no, so people will have to hold onto their old iPhone for another year. So sad...not.
Oh, this is prime material for RickyGervais Sweat shops indeed.
Millions instead of billions? Ohh the humanity