MW: Apple’s coronavirus warning wasn’t a total surprise, but magnitude rattles Wall Street

MARKETWATCH writes:
Apple Inc. realized Wall Street’s worst fears with a U.S. Presidents Day holiday warning that the company won’t be able to meet its fiscal second-quarter financial guidance due to the coronavirus in China.
“Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” Apple AAPL, -1.83%  said in a Monday statement. About 15% of Apple’s revenue derives from …

The post MW: Apple’s coronavirus warning wasn’t a total surprise, but magnitude rattles Wall Street appeared first on The Loadstar.

Source: The Loadstar

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