Apple admits the coronavirus will cause a global iPhone shortage

Apple has confirmed that the coronavirus will cause a global iPhone shortage which is likely to eat into its revenues and reduce profits. 

The tech giant issued a long, frank statement which pays tribute to health workers fighting the disease but also bluntly warns of its financial impact. 

Apple’s iPhone factories are located outside the Hubei Province where Wuhan, the region’s capital, is currently on lockdown as authorities battle to contain the spread of Covid-19, the official name of the deadly new coronavirus.

 In an ominous development, a Wuhan hospital director became the latest medical worker to die of the disease, which has now infected 72,436 people around the world and killed almost 1,900. Apple wrote: 

As the public health response to COVID-19 continues, our thoughts remain with the communities and individuals most deeply affected by the disease, and with those working around the clock to contain its spread and to treat the ill.

Apple is more than doubling our previously announced donation to support this historic public health effort.