Apple warns of coronavirus causing iPhone shortages
(The Guardian China)

Company hit by shutdown in China and says it will fail to meet quarterly revenue targetApple has warned of global `iPhone supply shortages` resulting from its Chinese factories being shut because of the coronavirus outbreak.The Californian company told investors on Monday night it would fail to meet its quarterly revenue target of $63-67bn (£48-52bn) because of the `temporarily constrained` supply of iPhones and a dramatic drop in Chinese shoppers during the virus crisis. Apple did not provide a new forecast for its second-quarter revenue. Continue reading...