APPLE WARNS CHINA VIRUS WILL CUT iPHONE PRODUCTION, SALES
Apple Inc. is warning investors that it won’t
meet its second-quarter financial guidance
because the viral outbreak in China has cut
production of iPhones.
The Cupertino, California-based company said
Monday that all of its iPhone manufacturing
facilities are outside Hubei province, the
epicenter of the outbreak, and all have been
reopened. But the company said production is
ramping up slowly.
“The health and well-being of every person
who helps make these products possible is
our paramount priority, and we are working in
close consultation with our suppliers and public
health experts as this ramp continues,” Apple
said in a statement.