Apple says that it won`t meet its Q2 guidance because of coronavirus impact
(iMore iPhone)

What you need to know Apple has told investors that it won`t meet its previous earnings guidance for Q2. It made the predictions on January 28. Since then the impact of coronavirus has worsened. Apple says the situation in China is still evolving. Apple has issued a note to investors today, informing them that it won`t meet the Q2 earnings guidance that was issued on January 28. It says that the current coronavirus situation is impacting it in two ways. Our quarterly guidance issued on January 28, 2020 reflected 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. As a result, we do not expect to meet the revenue guidance we provided for the March quarter due to two main factors. The first of those two factors is an...