Apple said that public health response to COVID-19 [Coronavirus] continues its quarterly guidance issued on January 28, 2020 is looking in tatters.
“Our predictions provided the best information available at the time as well as our best estimates about the pace of return to work following the end of the extended Chinese New Year holiday on February 10. Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated”, Jobs' Mob said.
"Apple does not expect to meet the revenue guidance we provided for the March quarter because worldwide iPhone supply will be temporarily constrained.
“ While our iPhone manufacturing partner sites are located outside the Hubei province -- and while all of these facilities have reopened -- they are ramping up more slowly than we had anticipated”, Apple said,
These iPhone supply shortages will temporarily affect revenues worldwide and have hurt Apple’s demand for products within China has been affected.
“All of our stores in China and many of our partner stores have been closed. Additionally, stores that are open have been operating at reduced hours and with very low customer traffic. We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can”, Apple said.
Jobs' Mob has doubled its previously announced donation to support Chinese authorities fighting the virus.