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Apple to delay reopening of retail stores in China

Published 02/07/2020, 07:23 PM
Updated 02/07/2020, 07:23 PM
© Reuters. Security personnel wearing a face mask is seen in a closed Apple store at Sanlitun in Beijing

(Reuters) - Apple Inc (NASDAQ:AAPL) 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.

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.

"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.

"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.

© Reuters. Security personnel wearing a face mask is seen in a closed Apple store at Sanlitun in Beijing

Latest comments

and we are making preparations to reopen our retail STORE... ONE STORE is all they shut down? Doesnt sound like they are HEAVILY reliant on china to me.... Besides if your going to buy an iPhone, and you cant get to the store THIS month, then you buy it NEXT month., how is that supposed to effect quarterly sales? if you're looking for a short try SBUX, THEY DO have a tone of stores and the coffee I don't buy today I will NOT make up for by buying 2 cups tomorrow,
Buy the bad news. We are always the last to know it, they've already sold, so buy it and wait for them to squeeze the shorts foolish enough to believe this is NEWS..
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