Apple says the coronavirus outbreak is limiting how many devices it can make and sell in China, and that it doesn't expect to meet revenue projections it provided last month
In an investor update, Apple said it no longer expects to meet the revenue guidance it provided last month for the upcoming March quarter."Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated," the company said.Much of Apple's manufacturing operations are based in China, which has been hardest hit by the coronavirus outbreak.
Major international companies have closed offices and factories in response to the deadly virus. Some are starting to reopen, but the situation is still far from business as usual.Working from home, temperature checks and quarantines: How China's companies are trying to get back to businessHuawei, the country's top smartphone maker, recently reopened its Shenzhen headquarters where it employs about 40,000 people, according to a person familiar with the matter.
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