Apple warns of iPhone shortages due to coronavirus
Transcript
The coronavirus isn’t just affecting people’s health, it’s affecting the health of businesses over the world.
In fact, Apple says the outbreak is hurting business more than they expected.
The company says this is because it’s limiting how many iPhones it can make and sell in China, which is where most of Apple’s manufacturing happens.
Apple temporarily closed all of its stores in China, but even though they’re slowly reopening, bouncing back will take some time.
The company reached out to its investors Monday, saying “These iPhone supply shortages will emporarily affect revenues worldwide.”
Posted – 2.19.20