Apple profit warning

Coronavirus... people are probably getting tired of this word. Unfortunately, we cannot stop thinking about it and the effects it produces on the world economy and companies. Technological companies beginto publish profit warnings and Apple is one of them. According to the company, "The first is that worldwide iPhone supply will be temporarily constrained. While our iPhone manufacturing partner sites are located outside the Hubei province — and while all of these facilities have reopened — they are ramping up more slowly than we had anticipated. The health and well-being of every person who helps make these products possible is our paramount priority, and we are working in close consultation with our suppliers and public health experts as this ramp continues. These iPhone supply shortages will temporarily affect revenues worldwide."

In this context it shouldn´t be a surprise that shares in Asia mostly fell by the close on Tuesday, as the new coronavirus outbreak continued to roil companies amid expectations it would cause a slowdown. Btw, oil prices also fell.

Still i wouldnt be surprised to see growth in a couple of days, becuase the fed as well as ECB cotninue with quantitive easing...