Apple told investors that it will not fulfill the plan for financial performance in the second quarter. Coronavirus is to blame.
The company had to limit iPhone shipments worldwide , since quarantine still exists in China.
Despite the fact that iPhone factories are located outside the province of Hubei, which is the epicenter of the coronavirus, they resume work very slowly.
Most Apple Store and other hardware stores in China are closed. Some Apple Store continue to work , but on a reduced schedule. The number of customers in them has decreased markedly.
Apple noted that this is a temporary problem and outside of China, demand for all of its products remains high and meets expectations. [ Apple ]