Late Monday evening, Apple posted an update on their Investor Relations Page. It was the President's Day Holiday, and obviously Apple was anxious to down-play this news. The news was that Apple would have to reduce their Quarterly Guidance. Two factors were reducing Apple sales: the first was slow down in Apple iPhone production due to the Covid-19 Virus affecting China. And the second, related news was that Apple Stores throughout China were closed also due to the pandemic.Read more
Over the next few months, we will no doubt see economic history begin made. On full display will be all of the tools and strategies of a Centrally Planned Economy. As China deals with the full ramifications of the Novel Coronavirus, now labeled Covid-19.Read more
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