APPLE FALLING SHORT OF TARGET DUE TO CORONAVIRUS

Highlights:

• Apple Inc. stated on Monday that it will unlikely to meet sales target which was set just three weeks ago.
• Manufacturing facilities in China have reopened, however, they are ramping up more slowly than expected.
• China accounted for 15% of Apple’s revenue and supplied 18% of the total revenue in 2018.

The deadly coronavirus has taken a toll on Apple Inc....