Apple warns coronavirus will hit revenue guidance

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Apple has warned that the disruption in China due to the coronavirus will begin to hit its sales forecasts.

The tech conglomerate said “worldwide iPhone supply will be temporarily constrained”, according to the BBC.

Apple forecast record-breaking sales of around $67bn (£51.6bn) for this quarter, however, the technology giant has not revealed the hit it could suffer due to the ongoing coronavirus epidemic.

Most of its stores in China are either closed or operating reduced hours meaning sales would be much lower.

Apple said in a statement: “We do not expect to meet the revenue guidance we provided for the March quarter.” 

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