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