Apple has reopened all of its 42 stores in China which were closed due to outbreak of coronavirus. Some of the stores were closed since early February as China restricted travel in an attempt to slow the coronavirus outbreak, but they have been gradually reopening over the past few weeks.
Apple said that store closures in China, one of the company’s biggest markets, were a primary reason why it was forced to revise its quarterly guidance downward last month. But as the stores are reopening, this might be a sign for improvement in China.
Tim Cook in an interview with Fox News said – “It feels to me that China is getting the coronavirus under control. I mean you look at the numbers, they’re coming down day by day by day. And so I’m very optimistic there.” Cook went on to point out that Apple’s suppliers were reopening factories, the closure of which had also caused Apple to lower its guidance due to projected supply constraints.