Apple Will Miss Its Guidance Due to Coronavirus Outbreak
When Apple (NASDAQ: AAPL) reported blowout fiscal Q1 earnings results last month, it warned that the coronavirus outbreak could impact its results for the quarter ending in March. The company incorporated a relatively wider range in its revenue guidance to accommodate for the heightened uncertainty. That was three weeks ago, and conditions have only gotten worse as the epidemic continues to spread.
Yesterday, Apple issued a warning to investors saying that it now expects to miss its revenue guidance.
Image source: Apple.
Source Fool.com
