Apple iPhone Shipments to Get Hit by Coronavirus Outbreak

Investors can't say Apple (NASDAQ: AAPL) didn't warn them about the potential impacts from the coronavirus outbreak that China is grappling with. When the Mac maker released its blowout Q4 earnings report last Tuesday, the company cautioned that the epidemic would create "greater uncertainty" in the first quarter. As a result, Apple's revenue guidance included a wider range than usual ($4 billion).

Over the past week, the situation has evolved rapidly.

Apple has now closed all of its retail stores in China, including this one in Pudong. Image source: Apple.

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Source Fool.com