If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too
Tuesday, 18 February 2020 Apple Inc's surprise warning that it will likely fall short of this quarter's sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products.
Shares of Apple and members of the iPhone supply chain fell on Tuesday after the technology giant issued the loudest warning yet on the financial fallout from the coronavirus. Conway G. Gittens has the details.
Apple shares fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower.
The fall came after Apple warned of lower sales in the current quarter, saying the coronavirus outbreak..