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Apple says Coronavirus will pull down Q2 revenues, iPhone supplies worldwide

2020-02-18 09:05:00| Telecompaper Headlines

(Telecompaper) Apple said slower production due to the Coronavirus (Covid-19) means it will not be able to meet expectations for the fiscal second quarter to end March. The company had guided for revenue of USD 63-97 billion from 58 billion the year before, and a gross margin of 38-39 percent. The company noted that the disruption to results is only temporary and that its business is fundamentally strong. 

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