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Apple also unveiled its latest financial data on Thursday, beating analysts' expectations. Sales rose 17 percent to .3 billion, with profit coming in at .34 per share. Analysts expected revenue of .4 billion and earnings of .18 a share.

Apple Inc's decision to limit iPhone purchases from its online stores in China is an indication of the supply chain constraints being faced by the US tech giant, as the novel coronavirus outbreak has disrupted normal operations at upstream suppliers and electronic component manufacturers, experts said.

Areas affected by landslides are seen after a powerful 7.5 magnitude earthquake, in Hela, Papua New Guinea February 26, 2018 in this picture obtained from social media. [Photo/Agencies]

Artefact’s “Juice Box” design concept. Here’s a picture and video for more on the Juice Box energy capture and storage concept that we discuss with?Artefact’s Gavin Kelly and Matthew Jordan starting in the second segment of this week’s show.

Apple's potential shift, which could be potentially abandoned or delayed, has already given Intel Corp a hard hit in the market, as its shares dropped as much as 9.2 percent on the news, Bloomberg reported.