Apple Shares Fall 3% Premarket on Guidance Cut Due to Coronavirus

Date : 02/18/2020 @ 11:56AM
Source : Dow Jones News
Stock : Apple Inc (AAPL)
Quote : 252.909  5.169 (2.09%) @ 6:26PM
Apple share price Chart

Apple Shares Fall 3% Premarket on Guidance Cut Due to Coronavirus

Apple (NASDAQ:AAPL)
Historical Stock Chart

2 Months : From Jan 2020 to Mar 2020

Click Here for more Apple Charts.

By Colin Kellaher

 

Shares of Apple Inc. fell more than 3% in premarket trading Tuesday after the tech giant warned that it won't meet its revenue projections for the current quarter due to the coronavirus outbreak.

Apple, which had previously forecast fiscal second-quarter revenue of $63 billion to $67 billion, on Monday said it will fall short of those figures due to limited iPhone production for worldwide sales and lower demand for its products in China.

The Cupertino, Calif., company didn't give a new revenue estimate for the quarter, saying it will provide more information during its next earnings call in April.

Apple shares, which closed Friday at $324.95, were down 3.3% to $314.19 in premarket trading Tuesday.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 18, 2020 06:41 ET (11:41 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest AAPL Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
$
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200330 17:41:30