Microsoft has revised its revenue projections for the first quarter of 2020 due to Coronavirus (COVID-19) outbreak. The company says the supply-chain has slowed down which will impact its Windows and Surface businesses.
The company, however, says its expectations in terms of the demand for Windows remain the same. In a statement, it reveals:
“The supply chain is returning to normal operations at a slower pace than anticipated. As a result, for the third quarter of fiscal year 2020, we do not expect to meet our More Personal Computing segment guidance as Windows OEM and Surface are more negatively impacted than previously anticipated. All other components of our Q3 guidance remain unchanged.”
As of the health situation in China, the company said:
“As the conditions evolve, Microsoft will act to ensure the health and safety of our employees, customers, and partners during this difficult period”. Microsoft also says that it would continue to partner with local and global health authorities to provide additional assistance.
Also Read:
– Apple Warns Investors That Coronavirus Will Hurt Its Revenue
– Microsoft and Google Disagree On Proposed Ban Of Facial Recognition
– Google Applies For License To Resume Working With Huawei
Apple also told its investors that the coronavirus outbreak will affect its business in the first quarter of 2020 as its iPhone supply will be temporarily constrained worldwide.
“Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter due to two main factors,” Apple said in another statement.
Significant development as new cases of coronavirus spring up around the globe
For the first time, countries outside China are witnessing a daily spike in the number of infections than in China. The World Health Organization says its a significant development as new cases spread around the globe. South Korea, Italy, and Iran are the worst hit. The toll from the virus stands at 2,771 deaths and 81,317 infections worldwide.
For your daily dose of tech, lifestyle and trending content, make sure to follow Plat4om on Twitter @Plat4omLive, on Instagram @Plat4om, on LinkedIn at Plat4om, and on Facebook at Plat4om. You can also email us at info@techtalkwithtdafrica.com. Finally, don’t forget to subscribe to our YouTube channel HERE.