SAN FRANCISCO/SHANGHAI (Reuters) – 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. The outbreak, which has infected more than 72,000 and prevented many employees from returning to work due to travel and quarantine restrictions, was reverberating throughout the U.S. firm’s supply chain, a source familiar with Apple’s operations in China said. Stacy Rasgon, a Bernstein analyst, said Apple’s woes probably also …read more
Source:: Yahoo Finance
