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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now