Apple warns coronavirus will hit revenue as production is constrained

Apple warned the coronavirus' disruption of its supply chain, and ebbing demand in China will impact its quarterly revenue, after it had projected positive results for the period. In its earlier guidance for the three months to March 30, released on January 29, the Cupertino-based firm predicted a revenue in the range of $63 billion (Dh231.21bn) to $67bn, a year-on-year rise of almost 15.5 per cent. However, on Monday the company said supply constraints and falling demand in China will dent growth, making it unlikely that it will be able to meet second quarter revenue targets. Apple, which has...