Analysts lower Apple estimates due to weakening demand

Analysts at Piper Sandler and Oppenheimer on Tuesday lowered their expectations for Apple’s sales in the first half of 2020 due to widespread disruptions from the COVID-19 coronavirus pandemic, including weakening consumer demand. Apple has closed all retail stores outside Greater China until further notice after earlier closing those stores in Greater China earlier this year.
Patrick Seitz for Investor’s Business Daily:“Given the global uncertainty, we are reducing our estimat