Global stocks tank after Apple warned Wuhan coronavirus is hammering sales
that it doesn't expect to hit its second-quarter revenue target of $63 billion to $67 billion. The warning sent its shares down 3.4% in pre-market trading, wiping $48 billion off its market capitalization.
The outbreak also forced it to temporarily close all of its stores in the country, the company said. Those that have reopened are operating with reduced hours and experiencing very low customer traffic.across more than 25 countries — threatens to weigh on other companies' sales and production.
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