Apple shares slid some three p.c in opening commerce Tuesday after asserting it would take a monetary hit from the lethal coronavirus epidemic.

The US tech big stated in a press release Monday its income for the present quarter can be under its forecasts, and that worldwide iPhone provide “will be temporarily constrained” due to the worldwide virus outbreak, notably in China the place Apple manufactures most of its units.

“Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” Apple stated in its investor replace.

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