Apple Inc. is unlikely to meet its second-quarter revenue forecast as the sales and manufacturing rates have been hurt by the coronavirus outbreak in China. The company produces the lion’s share of iPhones and other gadgets in China. The fast-spreading epidemic in China forced Apple Inc. to halt temporarily its production in the country. Such measures disrupted supply chains globally. The question is still open when exactly the production facilities will return to normal production rates. Besides, the company had to close a few retail stores across China indefinitely. Evidently, demand for iPhones in the country is waning on the back of the quarantine. Originally, Apple Inc. intended to reopen its stores on February 10. However, only 7 from a total of 42 stores reopened in China with reduced schedules last week. The People’s Republic of China is the second largest sales market for Apple Inc. besides the US. The iPhone manufacturer has not provided yet new forward estimates. Apple stock has been unaffected by downgraded forecasts so far, but it is only a matter of time.