Economics Apple’s coronavirus warning just shaved $34 billion off its stock market value By News Desk Posted on February 19, 2020 1 min read 0 0 939 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr A string of US companies has been cautioning investors that first quarter sales could take a hit from the spread of coronavirus. Apple (AAPL) just made it all more real. The $1.4 trillion company put out a surprise investor update on Monday, warning that it no longer expects to meet the revenue guidance provided last month. Notably, the company isn’t just concerned about a hit to demand for Apple products within China — which had been expected, since all its stores there have been closed. It also faces issues with iPhone production. Such supply chain issues have been a chief concern for economists tracking broader fallout from the new coronavirus. “Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” the company said.
Gluten-free foods contain more fat, sugar and are not a healthy substitute to regular products, experts say
Conservative Leader Andrew Scheer resigns, vows to stay on until new leader chosen Canada’s Conservative leader Andrew Scheer is stepping down after facing criticism for failing to …
Health Gluten-free foods contain more fat, sugar and are not a healthy substitute to regular products, experts say