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Apple said there could be global iPhone supply shortages as the virus has resulted in the company keeping its China factories shuttered longer than anticipated alongside many store closings. The company had also previously given a wider range of guidance in its first-quarter earnings report in January due to the coronavirus uncertainty.
The virus continues to cause uncertainty and havoc on various parts of the market with Apple being the latest company to warn shareholders about the consequences of the deadly illness.
Shares of the company were down 2.34% in early trading.
Here's what Apple analysts are saying about the company's revenue guidance announcement: