San Francisco: Apple’s iPhone supply was affected due to the outbreak of the Corona virus in China, due to which Apple would not be able to achieve its target revenue for the January-March quarter.
“The situation seems to be normalizing at a much slower pace than we had expected,” Apple, a global technology company that produces iPhones, said in a statement on Monday. In such a situation, we are not likely to have a target income in the January-March quarter. “The company had targeted a revenue of between 63 billion and 67 billion dollars in this quarter.
According to the company’s statement, the factory of its Chinese manufacturing partner was closed for a few days due to the outbreak of Corona virus and now work is progressing slowly there. With this, the supply of iPhone will be ‘temporarily limited’ worldwide. In addition, Apple’s business has also been affected by the decrease in customer demand in the Chinese market. Many Apple stores are running in China.
