Coronavirus: Apple leads broad tech slump as fears grow about disease’s spread

Coronavirus: Apple leads broad tech slump as fears grow about disease’s spread

4 years ago
Anonymous $9CO2RSACsf

https://www.mercurynews.com/2020/02/24/coronavirus-apple-leads-broad-tech-slump-as-fears-grow-about-diseases-spread/

Apple stood out among Bay Area tech stocks on Monday, as fears about coronavirus hindering the iPhone maker’s supply chain and the disease spreading further around the world led to big declines across the tech sector on Wall Street.

Apple shares fell by more than 4%, to $299.75, amid reports that production delays involving the company’s iPhone product suppliers could possibly lead to Apple postponing its annual fall unveiling of new iPhones. Such an event could also have a negative impact on Apple’s sales during the last quarter of the year and the critical holiday shopping season.

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