Apple’s Coronovirus Woes, Uncertainty, Drive Market Lower: Sony, Imax Also Down

is impeding production and sales in China. Apple has been trading down about 2.3% for most of the session and the Dow Jones Industrial Average lost more than 200 points.and a wide range of industries. Infections and casualties continue to rise, in China mostly but with sporadic cases in other countries too, and there’s no sign or sense of how or when the illness will be contained.

Apple’s sounded the alarm Monday afternoon when it acknowledged to investors that it wasn’t able to stand by revenue estimate – a range – it made only three weeks ago for the current quarter ending in March. It said production had stalled and was ramping more slowly than anticipated outside of the virus’ center, Hubei province, meaning there will likely be a shortage of iPhones on shelves around the world.

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.

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 »