$45 Billion of Apple <br />Market Value Wiped Out After <br />Coronavirus Announcement The market wipe-out equates <br />to a 3.2 percent tumble of Apple shares. Apple's first-quarter <br />earnings beat expectations. The company announced on Monday <br />that it would not make its revenue <br />expectations for the fiscal second-quarter. The tech giant stated that<br />due to the coronavirus outbreak, its <br />global iPhone supply was "temporarily constrained." According to Apple, production lines <br />"are experiencing a slower return to <br />normal conditions than we had anticipated." Other global companies <br />affected dramatically by the outbreak <br />include Starbucks and Tesla. The death toll due to the <br />virus reached 1,873 people on Tuesday.
