The tech giant Apple has reported that it will not be able to meet its revenue forecast for the second quarter due to the collateral consequences of the coronavirus outbreak in China. The company points to two factors: the limited supply of its iPhone and, at the same time, lower demand in that country. Outside of China, the company has assured that the demand for all its products has remained strong so far, in line with its expectations.
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The company has indicated that although the factories with which they work in China have reopened, the return to normality is being “slower” than they expected, so the difficulty to stock up on iPhones, manufactured in China, “will temporarily affect to worldwide income. " Since it was confirmed in January the existence of this virus that is transmitted among humans, more than 1,700 people have died in China and more than 70,500 have been infected.
The tech giant has explained that its factories are outside the province of Hubei, the epicenter of the virus, but they have also had to take security measures and close temporarily. In addition, the stores where your smartphone is marketed have also had to lower the blind preventively, so "the demand for our products in China has been affected," he said in a statement.
"All of our stores in China and many of our partner stores have closed." In addition, those that have remained open have done so in reduced hours and the flow of clients has been limited. In these circumstances, the company has admitted that it will be impossible to meet the forecasts they had made for the quarter ending in March.
"The situation is volatile, so we will give more information during our next presentation of results in April," added the technology without specifying figures.
