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Apple Admits Coronavirus Will Make Company Miss Earnings Guidance For This Quarter

Apple Admits Coronavirus Will Make Company Miss Earnings Guidance For This Quarter

4 years ago
Anonymous $-riAjkQg_1

https://wccftech.com/apple-coronavirus-guidance-q2-2020-miss/

As the impact of 2019 nCov (COVID-19, novel coronavirus) starts to settle in tech supply chains, corporations, their management, data research firms and investors are now starting to establish baseline estimates about the expected impact t\on revenues and other metrics of financial performance from the breakout. Companies including Apple Inc (NASDAQ:AAPL), Qualcomm Incorporated and NVIDIA Corporation have factored in coronavirus-related disruptions into their earnings forecast.

For Apple, it looks like the start of the year will mark another stroke of poor luck. The Cupertino, California-based tech giant announced its earnings revision for the first time in years at the start of January 2019. Now, smack in the middle of the calendar year 2020's first quarter, the company has confirmed that the coronavirus outbreak will make it miss the quarterly guidance provided last month.

Apple Admits Coronavirus Will Make Company Miss Earnings Guidance For This Quarter

Feb 17, 2020, 10:20pm UTC
https://wccftech.com/apple-coronavirus-guidance-q2-2020-miss/ > As the impact of 2019 nCov (COVID-19, novel coronavirus) starts to settle in tech supply chains, corporations, their management, data research firms and investors are now starting to establish baseline estimates about the expected impact t\on revenues and other metrics of financial performance from the breakout. Companies including Apple Inc (NASDAQ:AAPL), Qualcomm Incorporated and NVIDIA Corporation have factored in coronavirus-related disruptions into their earnings forecast. > For Apple, it looks like the start of the year will mark another stroke of poor luck. The Cupertino, California-based tech giant announced its earnings revision for the first time in years at the start of January 2019. Now, smack in the middle of the calendar year 2020's first quarter, the company has confirmed that the coronavirus outbreak will make it miss the quarterly guidance provided last month.