With researchers and medical professionals still working hard to contain the spread of the coronavirus, tech companies with a heavy manufacturing presence in China have been feeling the squeeze. Shares of Apple, for example, have plummeted drastically over the past few days, with the stock falling by more than 50 points since last week.
In light of the coronavirus, Apple earlier this month issued a press release indicating that investors should anticipate lower than expected earnings for the quarter on account of store closings in China and production slowdowns. Indeed, there have been some rumblings that iPhone 12 supply might be constrained at launch later this year.
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Tim Cook talks about how the coronavirus outbreak is impacting Apple’s business originally appeared on BGR.com on Fri, 28 Feb 2020 at 18:09:59 EDT. Please see our terms for use of feeds.
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