Connect with us
FILE - In a Feb. 14, 2020 file photo, employees wear face masks as they stand in a reopened Apple Store in Beijing. Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday, Feb. 17, 2020 that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. (AP Photo/Mark Schiefelbein, File)
In a Feb. 14, 2020 file photo, employees wear face masks as they stand in a reopened Apple Store in Beijing. Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones. The Cupertino, California-based company said Monday, Feb. 17, 2020 that all of its iPhone manufacturing facilities are outside Hubei province, and all have been reopened, but production is ramping up slowly. (AP Photo/Mark Schiefelbein, File)

Tech

Apple warns China virus will cut iPhone production, sales

Manufacturing facilities have reopened, but production is ramping up slowly.

Apple Inc. is warning investors that it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.

The Cupertino, California-based company said Monday that all of its iPhone manufacturing facilities are outside Hubei province, the epicenter of the outbreak, and all have been reopened. But the company said production is ramping up slowly.

“The health and well-being of every person who helps make these products possible is our paramount priority, and we are working in close consultation with our suppliers and public health experts as this ramp continues,” Apple said in a statement.

The death toll from COVID-19, a disease caused by the new coronavirus, was 1,770 as of Monday.

Apple says demand for iPhones is also down in China because many of Apple’s 42 retail stores there are closed or operating with reduced hours. China is Apple’s third largest retail market for iPhones, after the U.S. and Europe.

Outside China, Apple said iPhone demand has been strong and is in line with the company’s expectations.

On Jan. 28, Apple said it expected second quarter revenue between $63 billion and $67 billion. Apple’s second quarter ends March 30.

Written By

Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch

Contributors & reporters: Phil Ammann, Renzo Downey, Rick Flagg, A.G. Gancarski, Joe Henderson, Janelle Irwin, Jacob Ogles, Scott Powers, Bob Sparks, Andrew Wilson.
Email: Peter@FloridaPolitics.com
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704

Connect
Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.