Last week, Apple warned that it would miss its $63 billion to $67 billion estimate for March quarter revenue due to the Coronavirus and efforts to mitigate its effect.
According to Apple's website, 29 of Apple's 42 retail stores in Mainland China have re-opened, although many are operating on limited hours.
Last week, Apple warned that it would miss its $63 billion to $67 billion estimate for March quarter sales, partially due to store closures in China. People wearing face masks walk in front of an Apple store at a shopping mall, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 18, 2020.Apple's retail operation in China is waking up after coronavirus-related closures.
According to Apple's website, 29 of Apple's 42 retail stores in Mainland China have re-opened, although many are operating on limited hours. Earlier this month,
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei could be worse hit by the coronavirus than Apple, according to analysts - Business InsiderHuawei is downplaying coronavirus impact on its smartphone sales, but experts say it will suffer more than Apple
Read more »
Stock market live updates: Markets plunge, White House reacts, Apple leads slideStock market live updates: Stocks plunge at midday as coronavirus fears rattle investors.The Dow is down more than 900 points.
Read more »
Stocks making the biggest moves midday: Apple, Nvidia, L Brands, Tilray, Zoom Video & moreNvidia and Apple get hit by coronavirus concerns. L Brands gets downgraded by Baird.
Read more »
Stock market live updates: Dow futures down 770, airlines slide, Apple dropsStock market live updates: Gold futures gained more than 2% to around $1,680 per ounce, reaching its highest level since Jan. 23, 2013.
Read more »
Warren Buffett says Apple is 'probably the best business I know in the world'Warren Buffett told CNBC that Berkshire Hathaway's 'third largest business,' after its insurance and railroad interests, is its stake in Apple.
Read more »
A $1 slice of Apple, WeWork's $2 million settlement, and Michael Bloomberg's ad spree - Business InsiderYou want to start trading stocks on a fancy new app you've downloaded, but don't have much money to invest. Enter: fractional-share trading.
Read more »