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Apple’s COVID-19 warning shows virus is hitting the U.S. economy — and the damage isn’t done

February 19, 2020

The once seemingly distant threat of the coronvirus outbreak in China is starting to spread and the U.S. economy is showing its first symptoms.

Apple AAPL, +1.66% warned on Monday that sales in the current quarter could fall short of forecast because of production delays tied to the virus infection, now known as COVID-19. Other U.S. companies such as WalMart WMT, -1.29% have since issued similar warnings.

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