Coronavirus could cost Apple $4 billion this quarter as the firm warns of iPhone shortages - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Coronavirus could cost Apple $4 billion this quarter as the firm warns of iPhone shortages

known as COVID-19. The virus, which is believed to have originated at a wet market in Wuhan, the capital of the Hubei province of China, has killed more than 1,700 and infected more than 71,000.

According to analysts at Instinet, an independent broker based in New York, a slowdown in iPhone and AirPod production could see sales drop from $65 billion to around $61 billion. Jeff Kvaal, managing director, said: "Apple indicated all of its facilities are outside of Hubei province and have reopened... [but] more slowly than expected."

, attractions and stores have been shuttered, and the Lunar New Year holiday was extended to stem the spread., 42 Apple stores in China had closed and only seven have reopened. The company said that it would continue to monitor the situation, saying that the health and well-being of those impacted by the coronavirus was the company's primary focus.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So the federalreserve will inject 5 billion for banks to buy their stock? They always leave a nice tip to the elites when they give away free money. endthefed

Well. ..ich told you

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus infections slow in China as Apple becomes latest business casualtyCoronavirus infections slow in China as Apple becomes latest business casualty Follow our liveblog for the latest developments around the new coronavirus outbreak: Poor Apple😢 Not slowing Joe_M_Douglass Move the Apple company to the USA
Source: Reuters - 🏆 2. / 97 Read more »

European stocks set to slide as Apple warns on coronavirus revenue hitEuropean stocks are set to open lower on Tuesday following a weak handover from Asia, as Apple's revenue guidance warning rocks electronics supplier shares and coronavirus fears persist. Buy time coming? 2020 the year of the great correction by the Novel Virus called Corona!
Source: CNBC - 🏆 12. / 72 Read more »

Global stocks tank after Apple warns Wuhan coronavirus is hammering sales | Markets InsiderStocks tumbled on Tuesday after Apple warned Wuhan coronavirus is hitting sales. The iPhone maker doesn't expect to hit its quarterly revenue ta... We will see the aftermath of the COVID19 between Q1 and Q2 this year...This is only the beginning! Open.
Source: BusinessInsider - 🏆 729. / 51 Read more »