Apple will not be able to meet its Q4 targets due to Covid-19

Apple does not expect to meet its targets and justify its Q4 2020 forecast in March. The reason is the delay caused by the Covid-19 epidemic.

“Gradually, the workflow is normalizing all over the country, but it is slower than we expect.” – writes in a public address to Apple investors. Deliveries will be “temporarily restricted”. Demand for products in China is expected to decline significantly due to Apple’s closed facilities and reduced overall consumer activity in the country.

Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance