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Apple says Coronavirus will pull down Q2 revenues, iPhone supplies worldwide

2020-02-18 09:05:00| Telecompaper Headlines

(Telecompaper) Apple said slower production due to the Coronavirus (Covid-19) means it will not be able to meet expectations for the fiscal second quarter to end March. The company had guided for revenue of USD 63-97 billion from 58 billion the year before, and a gross margin of 38-39 percent. The company noted that the disruption to results is only temporary and that its business is fundamentally strong.

Tags: supplies worldwide apple pull

GSMA to hold crunch MWC20 meeting this Friday as Facebook, AT&T, Sprint pull out

2020-02-12 11:03:00| Telecompaper Headlines

(Telecompaper) The GSMA will decide whether or not to suspend its flagship event MWC due to the risk of coronavirus at a meeting to be held on 14 February, reports Spanish daily El Pais, citing unnamed sector sources. It cautioned that the meeting was already scheduled but the GSMA will now be using it to consider options including even stricter measures to combat the spread of the virus, a possible postponement until spring or a cancellation of this year's event in view of the ever-growing list of companies withdrawing.

Tags: out friday hold meeting