Apple Cuts Its Revenue Guidance for Fiscal Q2

Apple (NASDAQ: AAPL) said on Monday that it no longer expects to hit its revenue guidance for its second quarter of fiscal 2020, citing the impact that the coronavirus outbreak in China has had on its supply chain and on sales in the market. 

While Apple shares initially pulled back as the coronavirus outbreak worsened, the stock has mostly recovered from that setback. Monday's news that Apple won't be able to meet its fiscal Q2 revenue guidance could spook some investors and cause shares to sell off again on Tuesday. But is selling on this news the right move?

iPhone 11. Image source: Apple.

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Source Fool.com