Why Investors Shouldn't Panic Over Microsoft's Coronavirus Warning
Following in Apple's (NASDAQ: AAPL) footsteps, Microsoft (NASDAQ: MSFT) lowered its revenue target for the current quarter as a result of concerns over adverse effects from the novel coronavirus outbreak.
The software giant warned it doesn't expect to meet its fiscal third-quarter revenue guidance for its More Personal Computing segment. That unit is home to Microsoft's Windows operating system, its devices including Microsoft Surface and PC accessories, and gaming including Xbox hardware and Xbox services.
At the end of January, Microsoft had forecast the segment to bring in revenue of between $10.75 billion and $11.15 billion for the current quarter. That range was wide -- to reflect the uncertainty brought on by coronavirus -- but clearly not wide enough.
Source Fool.com
