CUPERTINO, Calif. — 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. Apple says demand for iPhones is also down in China because many of Apple’s 42 retail stores there are closed or operating with reduced hours. 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.

Source: Philippine Daily Inquirer February 17, 2020 22:52 UTC