Apple delays China store reopenings
The coronavirus is keeping Apple's retail stores on ice
FOX Business’ Susan Li reports on Apple’s new earnings. Then, Kaltbaum Capital Management president Gary Kaltbaum, FoxNews.com columnist Liz Peek and Lifewire.com editor-in-chief Lance Ulanoff analyze what the report means for the tech giant.
Apple is extending its retail store closures in China due to the coronavirus outbreak, even as it worked toward opening its corporate offices and contact centers, the iPhone maker said on Friday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 227.49 | +4.77 | +2.14% |
The company earlier this month said it would shut all of its official stores and corporate offices in mainland China until Feb.9 due to the outbreak
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``We are working toward re-opening our corporate offices and contact centers the week of February 10, and we are making preparations to reopen our retail store,'' the company said in a statement.
STOCKS SLIDE ON CORONAVIRUS WORRIES
``We will continue to update our customers as opening dates are finalized.''
Apple remains heavily reliant on China both for smartphone sales as well as for its supply chain and manufacturing.
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Reporting by Amal S, Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila