Following Apple, Microsoft Is The Latest Tech Firm to Warn of Coronavirus Impacts

Microsoft is the latest tech firm to signal that it will miss financial targets because of the Coronavirus outbreak. 

In a statement on Wednesday, the company warned investors that it will fall short of previously issued sales guidance of between $10.75 billion and $11.15 billion for its “more personal computing” segment, which includes Windows OEM and Surface. Microsoft (MSFT) – Get Report shares were down 1.75% in after-hours trading, ending at $170.17 on Wednesday. 

“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,” the company said. “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.

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