Transfin.

Apple to Miss Revenue Forecast As Coronavirus Outbreak Impacts Manufacturing and Sales

 

 

TROUBLE AHEAD

Users might witness steep hike in tariffs as telecom firms expect ARPU to more than double by next year.

Double-Edged Sword

Telecom users are likely to witness a rise in tariffs as telecom firms expect ARPU to more than double by next year.

 

“We had indicated that tariffs must go to generate at least ARPUs of ?200 (per month) by the end of 2020 and ?300 by 2021," said Rajan Mathews, Director General of the Cellular Operators Association of India. This is a c. 77% rise in average ARPU from around ?113 in March last year. [BS]

 

FYI

Telcos hiked tariffs by up to 40% late last year.

 

Apple to miss revenue forecast as coronavirus outbreak impacts its manufacturing and sales.

First Signs of the Storm

Tech giant Apple has became the first major US company to announce that it would be unable meet its revenue projections for the current quarter due to the coronavirus outbreak.

 

The outbreak has limited iPhone production for world-wide sales and curtailed demand for its products in China, Apple said.

 

The tech giant had projected last month record revenue for the current quarter of between $63bn-$67bn. [TechCrunch]

FIN.

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