The Coronavirus outbreak in China has impacted the production of iPhones, and as such, Apple is expecting to make less money during the current fiscal quarter. The company is also expecting worldwide iPhone shortages.
Apple said in a statement that it no longer expects to reach its projected revenue of between $63 billion and $67 billion for its Q2 2020, which ends on March 28.
"Work is starting to resume around [China], but we are experiencing a slower return to normal conditions than we had anticipated," Apple said in a statement to GameSpot sister site CNET. "As a result, we do not expect to meet the revenue guidance we provided for the March quarter."
The Coronavirus is impacting demand for the iPhone from Chinese customers and the company's ability to produce the phones, which is why it's projecting revenue to decrease.
"Worldwide iPhone supply will be temporarily constrained," Apple said. "While our iPhone manufacturing partner sites are located outside the Hubei province--and while all of these facilities have reopened--they are ramping up more slowly than we had anticipated."
Go to CNET to get more on this story.
The Coronavirus, which has killed more than 1,600 people in China alone, may also lead to Nintendo Switch shortages. It remains to be seen if the PS4 and Xbox One, and the PS5 and Xbox Series X, will face production issues as a result of the Coronavirus.
In other games news, Obsidian's celebrated RPG The Outer Worlds has been delayed for Nintendo Switch because of the Coronavirus.
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February 18, 2020 at 12:27PM
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iPhone Shortages Expected After Coronavirus Outbreak In China - GameSpot
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