Apple's bombshell warning about a virus's impact on its business falls into a unique category for me: I'm shocked, but not surprised.
and I always talk before the quarter to flesh out our thoughts about the most important metrics to watch and forces to consider.
The key question was how Apple would forecast its results based on a volatile situation with an unknowable outcome. Apple could have chosen not to give guidance at all. It could have guided as though the virus would have a muted effect. It could have taken an approach that factored in the possibility of a multi-billion-dollar impact.Apple reported, and Wall Street cheered its forecast.
This latest Apple announcement comes as observers worldwide remain uncertain about how to even count the virus toll. Is China double-counting some deaths, or under counting them? China's new method for counting infections last week caused the overall number to skyrocket, but the country might still be under counting people who tested positive for the virus but aren't showing symptoms.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hidden Brain: Passion Isn't Enough on Apple PodcastsMillions of Americans see politics as a form of self-expression rather than as a mechanism for change. eitanhersh calls it 'political hobbyism.” “Emotion is the goal. It makes you feel connected to something without doing anything yourself.”
Read more »
Apple says worldwide iPhone supply will be 'temporarily constrained' due to coronavirus
Read more »
Apple unlikely to meet revenue guidance due to coronavirus impactApple unlikely to meet revenue guidance due to coronavirus impact Follow the latest news on coronavirus with our live blog:
Read more »
Breakingviews - Apple jars investors into coronavirus realitiesOn Breakingviews – Apple could finally make investors as concerned as the wider population about the latest novel coronavirus, say petesweeneypro and rob_cyran:
Read more »
US futures down more than 100 points after Apple issues revenue warningU.S. stock index futures were slightly lower Tuesday morning.
Read more »
'Amazing Stories': Trailer for Apple Anthology Showcases Robert ForsterThe teaser for Apple's anthology series 'Amazing Stories' features the late Robert Forster in one of his final roles
Read more »