Apple is a popular American worldwide technology company that sells the most popular electronics used today including the Apple Watch, Macbook, and iPhone.
The billion-dollar company has warned investors that the coronavirus outbreak is limiting the number of devices that can be made and sold in China. “Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” Apple mentioned.
Most of China’s assembling operations are based in China. Appel has temporarily closed all of its stores in China. As the company plans to re-open its facilities, employers “must meet quarantine conditions, and they can only return to work in the campus after approval,” said Apple. With nearly half of the world on travel restrictions, this is causing a hard hit on the popular technology company.
“The health and well-being of every person who helps make these products possible is our paramount priority, and we are working in close consultation with our suppliers and public health experts as this ramp continues. These iPhone supply shortages will temporarily affect revenues worldwide,” said Apple.