Apple Q2 2020 earnings will be all about assessing the damage from coronavirus [Yahoo! Finance News]
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Source: Yahoo! Finance News
Apple is scheduled to report its Q2 2020 earnings on Thursday, and rather than anticipating highs as usual, analysts and investors will be looking at how dramatically thecoronavirus pandemicHere are the numbers analysts are expecting as compiled by , and how the tech giant performed in the same quarter last year:Unlike other high-flying tech stocks, Apple AAPLinitial guidance for Q2Apple also shuttered its stores in mainland China to help stanch the spread of the virus, and didn’t reopen them until March. That same month, as the virus marched across the rest of the world, the company closed all of its stores with the exception of those in mainland China.With Apple facing supply constraints, a major sales avenue for its devices closed, and a brewing economic collapse, analysts are predicting that sales of the company’s iPhone could be off by a wide margin compared to the previous year.BofA Securities analyst Wamsi Mohan is modeling iPhone revenues off by 32% year-over-year in the quart
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