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Searching for 'China outbreak'. (Return)

Reuters BusinessFeb 17, 2020
Oil prices fall as market weighs coronavirus demand impact
Oil prices fell on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand.

Reuters Company NewsFeb 17, 2020
GLOBAL MARKETS-Stocks fall after Apple warns on coronavirus impact
Asian shares fell and Wall Street retreated from record highs on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China.

Reuters Company NewsFeb 17, 2020
UPDATE 4-Apple unlikely to meet revenue guidance due to coronavirus impact
Apple Inc warned on Monday it was unlikely to meet a sales target set just three weeks ago amid lost production and weakening demand in China from the coronavirus outbreak.

RELATED ARTICLES
Apple to Fall Short of Projected Revenue Due to Coronavirus (Wall Street Journal US Business)

Reuters BusinessFeb 17, 2020
Stocks fall after Apple warns on coronavirus impact
Asian shares fell and Wall Street retreated from record highs on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China.

CNBC BusinessFeb 17, 2020
Apple says it will miss quarterly guidance amid coronavirus outbreak, China death toll tops 1,800
Apple detailed coronavirus' retail and supply impact as businesses around the world begin to calculate the early financial toll of the deadly outbreak.

RELATED ARTICLES
Apple unlikely to meet revenue guidance due to coronavirus impact (Reuters Business)

Reuters Company NewsFeb 17, 2020
WRAPUP 2-Coronavirus infections slow in China as Apple becomes latest business casualty
The number of new coronavirus infections in mainland China fell below 2,000 on Tuesday for the first time since January, although global experts warn it is still too early to say the outbreak is being contained.

Yahoo BusinessFeb 17, 2020
Apple Won't Meet Quarterly Revenue Target Due to Coronavirus
(Bloomberg) -- Apple Inc. doesn't expect to meet its revenue guidance for the March quarter due to work slowdowns and lower demand due to the outbreak of novel coronavirus in China.The company said that the iPhone, which generates the bulk of Apple's revenue, is temporarily constrained due to production ramping up more slowly than anticipated. "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 in a statement Monday. In addition, demand for iPhones has been reduced because stores in China have been closed or operating with reduced hours and few customers, the company said.Apple had forecast revenue of $63 billion to $67 billion for the fiscal second quarter ending in March. Analysts on average estimated $65.23 billion, according to data compiled by Bloomberg. The company said in January when it announced its guidance that it anticipated factories reopening beginning Feb. 10. That process however has been slow as factory workers and manufacturing partners look to contain the virus, which has resulted in about 1,800 reported deaths in China, from spreading further."This is the double-edged sword of being in China," said longtime Apple analyst and Loup Ventures co-founder Gene Munster. "They're the only big company with China exposure, so they are working through the pain of what has largely been a success for the company over the past decade." Apple is the only major U.S. technology giant to offer the majority of

Reuters Company NewsFeb 17, 2020
Nikkei falls to two-week low as Apple warning hurts technology stocks
Japanese stocks fell to two-week low on Tuesday, dragged down by tech companies after Apple Inc warned it was unlikely to meet its sales target for the March quarter as the coronavirus outbreak hurt production and demand in China.

Reuters BusinessFeb 17, 2020
Oil prices slip as coronavirus concerns linger
Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets.

Reuters Company NewsFeb 17, 2020
EMERGING MARKETS-Corporate updates, China measures help Brazil outperform Latam stocks
Stocks in Latin America edged higher on Monday, led by Brazil's Bovepsa, following positive corporate updates, while investor anxiety around the impact of a coronavirus outbreak was soothed by China's stimulus measures. China's central bank cu
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