Wired
Investors will not see for the first time how much COVID-19 outbreak harms Apple’s business until the end of April. Apple revealed this afternoon that it will hold a conference call with investors on April 30 at 2 pm Eastern Time. The company disclosed in February that the company’s stores and production were closed this quarter due to the coronavirus epidemic, and the company expects revenue to decrease.
Apple ’s guidance for the second fiscal quarter of 2020 is set at between US $ 63 billion and US $ 67 billion. We do n’t know how bad Apple ’s data will be in the second quarter of 2020, but most of the impact during this period was sales in China. The number that investors are most interested in will be Apple ’s guidance data for the third quarter of 2020. What is happening now is that most of the company ’s stores outside mainland China have closed.
“Works across China are beginning to recover, but we are experiencing a normal situation that is slower than we expected to recover,” Apple said in a statement to investors. “Therefore, due to two main factors, we do not expect to meet our revenue guidance for the March quarter.”
Apple officially did not comment on how much the COVID-19 epidemic has affected US operations. The company’s online retail store is still open, with a large inventory of goods, including AirPods Pro, which finally ships within a week. The unemployment rate is at its highest level since the Great Depression, and people will not snap up new iPhones and iPads.