Apple warns it will miss quarterly revenue target due to effects of coronavirus

Apple AAPL, +0.02% cited effects of the coronavirus-borne disease COVID-19 as it warned late Monday that it no longer expects to meet the revenue guidance it offered in late January for the quarter ending in March. It said in a statement posted to the Apple website that iPhone supply would be temporarily constrained, with manufacturing partners in China resuming production more slowly than had been anticipated, while the disease has also affected demand for Apple products in China. The company said its thoughts "remain with the communities and individuals most...