Stefan Mileschin

We will not make as much money as we thought

Apple has warned that it will not meet the revenue guidance for the March quarter due to the coronavirus.

Apple said that public health response to COVID-19 [Coronavirus] continues its quarterly guidance issued on January 28, 2020 is looking in tatters.

“Our predictions provided the best information available at the time as well as our best estimates about the pace of return to work following the end of the extended Chinese New Year holiday on February 10. Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated”, Jobs' Mob said.

"Apple does not expect to meet the revenue guidance we provided for the March quarter because worldwide iPhone supply will be temporarily constrained.

“ While our iPhone manufacturing partner sites are located outside the Hubei province -- and while all of these facilities have reopened -- they are ramping up more slowly than we had anticipated”, Apple said,

These iPhone supply shortages will temporarily affect revenues worldwide and have hurt Apple’s demand for products within China has been affected.

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