NEW YORK: Apple’s company, headquartered in the United States, said its projected earnings could decline due to the outbreak of coronavirus in China. Apple is the first significant US company to report that the corona virus epidemic has impacted its economy. Apple was forecasted to have the highest revenue of $ 67 billion in the first quarter of this year. But he did not give details of how much his income was affected. “We do not expect to meet the earnings target set for the March quarter,” Apple said in a release. According to him, the pace of returning to normal is also slow. Apple said sales of its products would decline as most stores in China were closed or operated within a short period of time. Apple says its partners, which are based outside of Hubei province, are slower than expected when they reopen. ‘All of our stores in China and many partner stores are closed,’ Apple said, adding that ‘open stores are operating less frequently and fewer customers are coming. We are slowly opening up our sales rooms and doing so as consistently and safely as possible. ‘ iPhone supply will be affected.
According to analysts, the spread of new coronavirus infections could reduce smartphone demand in China this quarter. China is the largest market for such small electrical appliances. The virus has also affected the automotive industry. Last week, big equipment maker JCB announced its production in the UK. He said it had to be done because of the lack of material coming from China. The number of new infections has been declining outside the province of Hubei for the past 13 days. Last week, that number dropped to 115, with 450 new patients found outside Hubei. Although the industry and shops are slowly returning to normal, Apple’s warning indicates that the coronavirus will adversely affect China’s economy. iPhone supply will be affected.
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