Chipmaker Micron Technology Inc forecast current-quarter revenue above analysts' estimates on Wednesday and said the shift to work-from-home globally due to the coronavirus outbreak is fueling demand for notebooks and data center services.
Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China.
Baidu Inc, China's biggest search engine company, said first-quarter revenue could fall as much as 13% from a year earlier as the coronavirus epidemic puts the brakes on economic activity and advertising.
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its 'more personal computing' business, as a result of the coronavirus outbreak.
Taiwan's Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will "cautiously" resume output at its main factories in China that were shut because of the outbreak.
Apple Inc said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China.
Apple Inc said on Monday that it will not meet its revenue guidance for the March quarter due to the coronavirus outbreak affecting both production and demand in China.