Apple to miss revenue forecast as iPhone supply hit by coronavirusUS tech giant apple said that all of its stores in China "and many of our partner stores" have been closed. SAN FRANCISCO: Apple is to miss its revenue forecast for the March quarter due to the coronavirus epidemic, the US tech giant said Monday, warning that iPhone supplies worldwide would also be impacted, underlining the economic cost of the health crisis. The virus has sparked global economic jitters, travel bans and the cancellation of high-profile sporting and cultural events. Apple had forecast revenue of $63 billion to $67 billion for the second quarter to March. Consumer demand in the crucial Chinese market has also been dampened after all Apple stores were shut.

Source: Bangkok Post February 18, 2020 02:37 UTC