Apple “Coronavirus Hit” provides hints for 1Q 2020 EPS

In a press release on Monday, Apple noted that March guidance would change. The primary reasons for this change? In short, coronavirus. Manufacturing issues are expected to constrain iPhone supply and retail store closures will dampen demand.

While the ultimate economic impact of the coronavirus remains largely uncertain, these issues faced by Apple are expected to affect a broad swathe of S&P 500 companies.With this news, we can make a first 'stab' at virus’s impact on S&P 500 1Q2...

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