Last night, Apple released a statement warning investors that it would miss its quarterly revenue guidance, making it the second revenue warning in only two years. Apple said that business outside of China was strong, but production bottlenecks would affect worldwide supply and domestic Chinese demand was also down.
Bloomberg says that Apple has been readying the lower cost ‘iPhone SE 2’, which will resemble an iPhone 8 with an A13 chip inside, despite coronavirus disruption to factories. The publication believes the device is still on track to launch in March.
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