(Total Views: 173)
Posted On: 02/17/2020 8:20:40 PM
Post# of 127048
AAPL shares will be hit tomorrow (Tue):
A friend on another site posted this, I don't think this bodes well for the entire market.
https://www.wsj.com/articles/apple-says-wont-...1581974923
Quote:
Apple Inc. became the first major U.S. company to say it won’t meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China.
The tech giant had projected last month record revenue for the current quarter of between $63 billion and $67 billion, which it said was a wider than normal range due to the virus. The technology giant didn’t provide…an updated sales estimate, saying that the situation in China is evolving. It said it would provide more information when it holds its earnings call in April.
A friend on another site posted this, I don't think this bodes well for the entire market.
https://www.wsj.com/articles/apple-says-wont-...1581974923
Quote:
Apple Inc. became the first major U.S. company to say it won’t meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China.
The tech giant had projected last month record revenue for the current quarter of between $63 billion and $67 billion, which it said was a wider than normal range due to the virus. The technology giant didn’t provide…an updated sales estimate, saying that the situation in China is evolving. It said it would provide more information when it holds its earnings call in April.
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