12,080.85-45.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

Apple closes China stores, offices until Feb 9 due to coronavirus

Taiwanese tech giant Foxconn, which makes iPhone products, is keeping its Chinese factories closed until mid-February.

AFP|
Last Updated: Feb 01, 2020, 06.01 PM IST
0Comments
AFP
Untitled-4
Apple staff and customers wear protective facemasks at an Apple store in Beijing.
BEIJING: Apple announced on Saturday the closure of its stores, corporate offices and contact centres in mainland China until February 9 due to the new coronavirus epidemic.

The virus has prompted the government extend the Lunar New Year holiday through this weekend in a bid to contain its spread, but many provinces and cities have called on companies to delay their return to work.

"Our thoughts are with the people most immediately affected by the coronavirus and with those working around the clock to study and contain it," Apple said in a statement.

It added the closure was decided "out of an abundance of caution and based on the latest advice from leading health experts".

Apple's online store remains open and the company said it would closely monitor the situation.

China is home to the firm's third-biggest consumer market and much of its supply chain.

But like every company in China, it has been affected by the virus that has killed 259 people and infected nearly 12,000.

Some of Apple's suppliers are based in the area near Wuhan, the city at the centre of the outbreak.

Apple chief Tim Cook said on Tuesday that the company was working on "mitigation plans" to make up for production loss with alternate sources.

The company had already closed one of its Wuhan stores while some retail partners have shuttered their shops or cut hours of business.

Taiwanese tech giant Foxconn, which makes iPhone products, is keeping its Chinese factories closed until mid-February and is allowing local employees to delay their return after the new year break.


Also Read

Turnaround year for Apple: Analysts

Apple's surprise sales warning pressures Wall Street

Apple postpones launch of online store in India

Even apples shrivel in Chinese storm

India proposes incentives to woo Apple, Samsung suppliers

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Popular Categories


Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service