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Apple issues financial alert as outbreak hits supply chain

February 18, 2020

Via: Charged

Apple has issued a financial alert warning that it will not meet revenue guidance for its current quarter as the coronavirus continues to severely impact Chinese industry.

The iPhone maker said that although none of its key manufacturing plants were in Hubei province, where the outbreak began, it was “experiencing a slower return to normal conditions than we had anticipated” elsewhere.

This is expected to “temporarily constrain” the worldwide supply of iPhones and lead the US tech giant to want it will not meet revenue guidance it set at the end of January.

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