Apple has advised its investors to slow the iPhone business due to a decline in expected revenues for the quarter.
Coronavirus outbreak has made the manufacturing work slower than usual. The work is yet to be ramped up but the factories have re-opened to begin production so to meet the company’s projected shipments. This will likely affect the current stock and the upcoming model iPhone 9.
They are now working limited hours and have received fewer customers in China.
Due to slowdown in China, Apple has advised expecting lower revenues which means there will be low revenue for the March quarter and beyond.
Apple assured that the disruption is temporary.