Apple cut its sales forecast because of the coronavirus, as production and demand for its products have been slowed in China by the outbreak.
Apple is one of the first to publicly disclose what is likely to be a difficult chain effect from China and the virus on the business world. Many global companies rely on factories in China to manufacture everything from socks to laptop computers. And Chinese consumers, who had ridden a wave of rising wealth, had snapped up luxury goods, iPhones and many other items.
