The giant technology company, Apple, has warned that the effects of coronavirus in China will affect its products and profits. For this reason, according to the company statement, "iPhone supply worldwide will be temporarily restricted".

In this way, Apple becomes the first major US company to confirm the impact of the deadly virus.

Apple, in fact, had projected record revenues of up to $ 67 billion for the current quarter, and did not disclose how much cash it would affect.

" We do not expect to reach the figures we had expected for the quarter ending in March ," the company said in a public statement, adding that " they are finding a return to normal ."

With most stores in China either staying closed or operating part-time, sales of Apple products will be lower, the company said.

â?? All our stores in China and many of our affiliates are closed. In addition, open stores operate part time and with a very low number of clients. Gradually, we will reopen retail stores and continue to make it as safe as possible , "Apple said in a statement.

Analysts estimate the virus could drive demand for smartphones in China in the first half of the year, which is the world's largest market for this category. The auto industry is another area that has been affected. At the same time, last week, heavy machinery maker JCB said it would cut production in the United Kingdom because of a shortage of parts from China.