The death toll from COVID-19, a disease caused
by the new coronavirus, was 1,770 as of Monday.
Apple says demand for iPhones is also down in
China because many of Apple’s 42 retail stores
there are closed or operating with reduced
hours. China is Apple’s third largest retail market
for iPhones, after the U.S. and Europe.
Outside China, Apple said iPhone demand
has been strong and is in line with the
company’s expectations.
On Jan. 28, Apple said it expected second
quarter revenue between $63 billion and $67
billion. Apple’s second quarter ends March 30.
Apple says the situation is evolving and it will
provide more information on its next earnings
call in April.