Coronavirus could cost Apple billions in missed sales, analysts say: Tech
Wednesday, February 19, 2020
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Coronavirus could cost Apple billions in missed sales: Apple may lose billions of dollars in sales because of the coronavirus outbreak in China, according to estimates from at least two industry analysts.
A mixture of slow sales in the country, coupled with a manufacturing slowdown due to the virus, could set Apple (AAPL) back between $4 billion and $7 billion in its upcoming quarter, the analysts say. The analysts' expectations follow a statement from Apple on Monday that it’s no longer on track to meet its prior revenue estimates of between $63 billion and $67 billion in the quarter.
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