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<sigh> We all knew it was coming. Let the analyst downgrades and stock pullback commence!
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No. of Recommendations: 0
<sigh> We all knew it was coming. Let the analyst downgrades and stock pullback commence!
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No. of Recommendations: 3
I should add some summary points from Apple's statement:

- Apple is more than doubling our previously announced donation to support this historic public health effort.
- Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated
- We do not expect to meet the revenue guidance we provided for the March quarter due to:

1. Worldwide iPhone supply will be temporarily constrained.
2. Demand for our products within China has been affected:
All of our stores in China and many of our partner stores have been either
- closed
- or only open for fewer hours
- and there's less foot traffic when they are open

- We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can.
- The situation is evolving, and we will provide more information during our next earnings call in April.
- The health and well-being of every person who helps make these products possible is our paramount priority
- Apple is fundamentally strong, and this disruption to our business is only temporary.

So, it's at least good that Apple is being honest and alerting the market, but also a bit worrying that they didn't provide any specific numbers in their new guidance other than saying they wouldn't meet their previous guidance. I suppose though that they just don't know enough yet.
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