Welcome to the Tech Mem Ride Home for Tuesday, February 18th, 2020. I'm Brian McCullough today.

The coronavirus crisis forces Apple to miss their already cautious revenue guidance.

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Here's what you miss today in the world of tech. It's looking like the economic impact of the coronavirus is here, not that anybody thought

we could avoid any impact whatsoever, but this news is pretty tangible.

Apple says it does not expect to meet revenue guidance for its March quarter due to

constrained iPhone supply and low demand due to store closures in China.

Yes, all due to the coronavirus crisis.

Specifically, Apple wrote this, quote,

Our quarterly guidance issue January 28th reflected the best

information available at the time as well as our best estimates about the pace of

return to work following the end of the extended Chinese New Year holiday on February 10th.

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. The first is that worldwide iPhone supply will be

temporarily constrained. While our iPhone manufacturing partner sites are located outside the

Hubei province and while all of these facilities have reopened, they are ramping

up more slowly than we had anticipated. The health and well-being of every person who helps

make these products possible is our paramount priority, and we are working in close consultation

with our suppliers and public health experts as this ramp-up continues. These iPhone supply shortages

...