2/17, 10:22 PM (Source: TeleTrader)
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Chart for: Apple Inc.

Apple expects lower revenue due to Covid-19

American technology giant Apple Inc. stated on Monday that it expects its revenue will miss the expectations in the quarter ending March due to disruptions caused by the coronavirus outbreak in China.

Apple claimed that the main factors which affected the forecast are slower return to normal working conditions in China than it was originally expected, as well as lowered demand for its products on the Chinese market.

Outside of the Asian country, customer demand for Apple's products and services has remained strong and according to the expectations, the company's statement reported.

Breaking the News / ND