Apple shares lose €41bn as virus hits vulnerable supply chain

An Apple warning about a hit to its supply chain in China stripped over €41bn from the iPhone maker's market value and sent investors seeking out the next corporate victim of the deadly coronavirus outbreak.

Shares in the phone giant slid at one stage by over 2.5% after it said that it won't hit its March quarter revenue target as the restart from the huge disruption caused to its manufacturing supply chain in China has been slower than expected.