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Apple has lowered its revenue forecast for the first time in almost two decades, citing weakening demand and lower-than-expected iPhone revenue in China as some of the factors. The US tech heavyweight also slashed the price of some its iPhone models by up to about 800 yuan (8) for its channel partners in China.

Apple is to release the financial results for the quarter ending December 2018 next Tuesday. Over the past few weeks, analysts have cut their forecasts for iPhone sales, although Apple had said it would stop disclosing the number its iPhone sales and hoped investors to focus more on the revenue.

Apple said the upcoming event, which is now in its 30th year, will be the company's biggest gathering that attracts "the world's most innovative and creative developers" with a focus on future development of Apple's operating systems (OS).

Arrival at Lhasa Gonggar Airport 2000. [Photo by Bruce Connolly/chinadaily.com.cn]

As China brings the epidemic under control and restores full production capacity, the type and scale of assistance may vary accordingly.