Apple Says Will Not Meet Revenue Guidance for March Quarter Due to Coronavirus Impact

Apple Says Will Not Meet Revenue Guidance for March Quarter Due to Coronavirus Impact
The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, Oct. 16, 2019. Reuters/Mike Segar/File Photo
Reuters
Updated:

Apple Inc. said on Monday it will not meet its revenue guidance for the March quarter due to the coronavirus outbreak slowing production and weakening demand in China.

Apple’s manufacturing facilities in China have begun to re-open, but they are ramping up more slowly than expected, the technology company said in a statement to its investors.