Apple's Coronavirus Woes Might Not Ease Until Second Quarter

Fears surrounding the coronavirus outbreak tanked global markets last week, as more companies started to formally warn investors about the financial toll the epidemic could take. That's especially true for tech multinationals that have supply chains concentrated in China and surrounding countries. Apple (NASDAQ: AAPL) was among the first to say it would miss its guidance due to the outbreak, after it had already issued a revenue forecast that factored in a wider range than usual due to the uncertainty.

Things might not get better for at least another couple months.

iPhone camera lenses are reportedly suffering from shortages due to the outbreak. Image source: Apple.

Source Fool.com