Apple announces that it will miss Q2 forecasted revenue due to the coronavirus<article>
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<p>Apple on Monday announced that it will miss its forecasted revenue guidance for the second fiscal quarter of 2020 due to the coronavirus epidemic. The company had <a href="
https://www.apple.com/newsroom/2020/01/apple-reports-record-first-quarter-results/" rel="nofollow">projected[/url] revenue for the quarter between $63 and $67 billion, and gross margin between 38 and 39 percent. Apple did not provide revised Q2 earnings estimates.</p><p>In a <a href="
https://www.apple.com/newsroom/2020/02/investor-update-on-quarterly-guidance/" rel="nofollow">released statement[/url], Apple stated that it is, “experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter due to two main factors.”</p><p class="jumpTag"><a href="/article/3527421/apple-announces-that-it-will-miss-q2-forecasted-revenue-due-to-the-coronavirus.html#jump">To read this article in full, please click here[/url]</p></section></article>
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Apple announces that it will miss Q2 forecasted revenue due to the coronavirus
