In short, coronavirus has had a significant impact on the performance of the apples company. That is why Apple recently announced that it will not meet its revenue targets for the second quarter of the current financial year, as a result of the impact of the COVID-19 coronavirus epidemic in China.
According to Apple, the second quarter of revenue sees $ 63,000 to $ 67,000, but it appears that the impact of the coronavirus will be far greater than the company predicted.
"Work is beginning to return to mainland China, but we are experiencing a slower recovery than we expected. As a result, we do not expect to follow the monetary guidance we gave in the March quarter due to two main issues.", said Carlertino's company.
Tim Cook's internal memoir
Faced with this issue, Tim Cook sent a memorandum to all employees regarding the coronavirus impact on the company. This comes after Apple released the statement. stating that it will lose revenue growth in the current quarter due to surgical complications and decreased demand associated with outbreaks.
In the email, Cook mentions Apple computers affected by the virus's effects and said that the safety of employees, partners and customers is a major issue for the company.
“I want to be aware of all the people in our group who had worked 24 hours to manage the global response on COVID-19, diligently and diligently (…) Apple is fundamentally strong, and this is a disruption to our business for a while ", said the manager.
Apple said it would continue to monitor the situation and provide further details on its quarterly financial results in April. The company also said it was doubling its previously announced offering assisting in public health to fight Wuhan's coronavirus.
