Apple’s (NASDAQ:AAPL) iPhone sales have taken a hit in China due to the ongoing coronavirus outbreak.
Per a Bloomberg report, demand for the product fell 28% month over month in January, according to a UBS research note citing China’s official data.
Last week, Apple revised its March quarter revenue guidance, stating that it will be unable to meet current expectations. Earlier revenue projections for the tech giant’s fiscal second-quarter 2020 were between $63 and $67 billion.
Apple stated the closure of its stores as well as limited hours and low customer traffic as reasons that negatively impacted demand for its products in mainland China.
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