Apple’s Outlook Clouded as Coronavirus Extends Production Delays

(Bloomberg) — Apple Inc.’s supply chain is feeling the strain as the coronavirus extends production outages and damps demand for the company’s products in China.Manufacturing partners have imposed quarantines on workers returning from China’s Lunar New Year holiday, prolonging the idling of Apple device assembly operations for as long as a month. While some analysts say it’s too early to fully assess the toll on the Cupertino, California-based company, pessimism is creeping into their outlooks.In late January, Apple gave a revenue forecast for the current quarter that was wider than usual, to account for the virus. But that was before …read more

Source:: Yahoo Finance

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