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Apple announces that it will miss Q2 forecasted revenue due to the coronavirus

Apple on Monday announced that it will miss its forecasted revenue guidance for the second fiscal quarter of 2020 due to the coronavirus epidemic. The company had projected revenue for the quarter between $63 and $67 billion, and gross margin between 38 and 39 percent. Apple did not provide revised Q2 earnings estimates.In a released statement, Apple stated that it is, “experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter...

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Published By: MacWorld - Monday, 17 February