Enlarge / Apple CEO Tim Cook looks on as the iPhone X goes on sale at an Apple Store on November 3, 2017 in Palo Alto, California. (credit: Justin Sullivan/Getty Images)
Apple published a note to investors this week saying that it will miss its quarterly guidance for the next quarter because of the impact the COVID-19 coronavirus has had on supply lines and Chinese consumer demand. The note says that Apple expects "worldwide iPhone supply will be temporarily constrained" and that Apple and its partners may not be able to make enough iPhones to meet demand around the world.
During the company's last quarterly earnings call on January 28, it already gave an unusually large guidance range because of concerns about the health crisis, but the situation seems to be worse than Apple predicted. Several manufacturing facilities that assemble Apple products in China have been shut down amid the Chinese government's efforts to contain the virus, and the investor note says that while those facilities are now coming back online, they're still behind schedule.
"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," Apple says.
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