Apple to Fall Short of Projected Revenue Due to Coronavirus

Apple Inc. became the first major U.S. company to say it won’t meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China. The tech giant had projected last month record revenue for the current…

Apple to Fall Short of Projected Revenue Due to Coronavirus

Apple Inc. became the first major U.S. company to say it won’t meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China.

The tech giant had projected last month record revenue for the current quarter of between $63 billion and $67 billion, which it said was a wider than normal range due to the virus. The technology giant didn’t provide on Monday an updated sales estimate, saying that…

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