Breaking News
Investing Pro 0
🙌 It's Here: the Only Stock Screener You'll Ever Need Get Started

Apple to close all China mainland stores due to virus outbreak

Published Feb 01, 2020 12:17PM ET Updated Feb 06, 2020 12:14PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

(Reuters) - Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9. as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago.

Earlier this week, Apple closed three stores in China due to concerns about the spread of the virus.

It's joining a handful of overseas retailers, including Starbucks Corp and McDonald's Corp to temporarily shut storefronts as a precautionary measure.

Many other companies, meanwhile, have called for employees in China to work from home and cease non-essential business travel in the first week of February.

Normally, businesses in China would be preparing to return to normal operations following the end of the week-long Lunar New Year Holiday.

Apple remains heavily reliant on China both for smartphone sales as well as for its supply chain and manufacturing. Many factories in Hubei province, including plants run by AB InBev and General Motors Co, have temporarily suspended production due to the virus.

In a recent earnings call, Apple CEO Tim Cook said the company was working out mitigation plans to deal with possible production loss from its suppliers in Wuhan. The city where the virus outbreak originated is home to several Apple suppliers.

Apple to close all China mainland stores due to virus outbreak
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Xin Zhang
Xin Zhang Feb 06, 2020 2:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol, I bought gold stocks........and yet in -2%, but I believe the true storm will come.
Marc Rich
Marc Rich Feb 01, 2020 10:28AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
a lot people forgotten that Apple have drastic 42% lose in China sale due to trade war due to patriotism about Huawei issue... This time total close down appear no big deal, at least in my perspective...
William Baker
William Baker Feb 01, 2020 7:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Black Monday
Rahul Chaudhari
Rahul Chaudhari Feb 01, 2020 7:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
looks like it
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email