Apple warns of iPhone shortage because of coronavirus

Apple says it will not hit its quarterly earnings target after the coronavirus outbreak led to a cut in production of iPhones and a fall in demand in China.

The company, based in California, said all of its production plants in China had reopened but were only gradually returning to full production. None of its iPhone plants are in Hubei province, the centre of the deadly virus outbreak.

Apple had said in late January that it expected its second-quarter earning to be between $63bn and $67bn.