Apple sales warning on coronavirus heralds trouble for chip suppliers
Many factories that make iPhones have reopened, but are ramping up more slowly than expected
18 February 2020 - 16:31
San Francisco/Shanghai — Apple’s surprise warning that it will probably fall short of this quarter’s sales target due to coronavirus points to pain for its chip and other suppliers as well as for rivals who also rely on China to build their products.
Revising guidance set just three weeks ago, the world’s most valuable tech company said that while many factories making iPhones had reopened for work, but they were ramping up more slowly than expected...
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