Apple slides 3% at open on revenue warning

NEW YORK: Apple shares slid some three per cent in opening trade Tuesday (Feb 18) after announcing it will take a financial hit from the deadly coronavirus epidemic.

The US tech giant said in a statement Monday its revenue for the current quarter would be below its forecasts, and that worldwide iPhone supply "will be temporarily constrained" because of the global virus outbreak, notably in China where Apple manufactures most of its devices.

"Work is starting to resume around the country, but we are experieRead More – Source

channel news asia

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NEW YORK: Apple shares slid some three per cent in opening trade Tuesday (Feb 18) after announcing it will take a financial hit from the deadly coronavirus epidemic.

The US tech giant said in a statement Monday its revenue for the current quarter would be below its forecasts, and that worldwide iPhone supply "will be temporarily constrained" because of the global virus outbreak, notably in China where Apple manufactures most of its devices.

"Work is starting to resume around the country, but we are experieRead More – Source

channel news asia