Coronavirus has reached the tech industry as no event has had in recent years. Conference cancellations, production chain delays and uncertain epidemic uncertainties, paint an unrelated picture this year's guess, at least for Apple.
This April 30, Apple will officially announce the 2020 second quarter earnings, covering the months of January, February and March. Without a doubt, the most important event is the last one, because it takes place between the ongoing COVID-19 outbreaks, and when the bad news is expected of those apple bites.
Apple shares quarterly financial results affected by COVID-19
According to previous reports, Apple was forecasting higher than the average revenue for the second quarter $ 63 billion and $ 67 billion. But because of the coronavirus results, Apple won't even get to the bottom of that guide.
According to the 9to5mac post, this is the second time in the past year and a half that Apple has released an earnings index update. In the first quarter of 2019, the company reduced expectations of earnings due to a few iPhone updates and iPhone sales below expectations in China.
In February, when COVID-19 exclusively affected China and Italy, Apple said that customer demand for product category and service levels was "strong so far and consistent with our expectations", but as we've seen, everything has changed since then, adding other disadvantages such as the closing of the Apple Store to prevent the spread of this virus and without a definite date for reopening.
However, it will end until April 30 when Apple clears all doubts about its finances, with the company available for cash It will be streamed live through its investor relations website.
