CUPERTINO, California: Apple Inc. is warning investors that it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. Outside China, Apple said iPhone demand has been strong and is in line with the company’s expectations. On Jan. 28, Apple said it expected second quarter revenue between $63 billion and $67 billion. Apple’s second quarter ends March 30. Apple says the situation is evolving and it will provide more information on its next earnings call in April.

Source: Manila Times February 17, 2020 21:45 UTC