Microsoft announced on Wednesday that it will miss its revenue guidance for the second quarter of 2020 as a result of the coronavirus outbreak, The Verge reported. Apple made the same announcement just over a week ago.
“Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call,” Microsoft said in a press release. The company did not give a specific revenue range for the segment; instead, it said it does “not expect to meet our More Personal Computing segment guidance as Windows OEM and Surface are more negatively impacted than previously anticipated.” During its earnings call last month, Microsoft issued quarterly revenue guidance for the personal computing segment between $10.75 billion and $11.15 billion.
Check It Out: Microsoft, Like Apple, Will Miss Revenue Guidance For Next Quarter
Charlotte:
Goldman Sachs are warning today that Covid-19 could wipe out corporate earnings growth for 2020 https://apple.news/Auy1xwqhWS1KNUCXo65vXFA. All companies, certainly those based in the USA. The asymmetrical concern voiced about Apple’s growth prospects over the past few weeks has been, at the least, puzzling and practically smacked of campaigning if not click bait. The entire global economy will be adversely affected, every sector, and no company should expect real growth. Apple will have the global community of commerce as company.