Apple is temporarily closing its 42 shops in mainland China, one of its largest markets, amid the rapid spread of coronavirus. Apple is temporarily closing its 42 shops in mainland China, one of its largest markets, amid the rapid spread of coronavirus. That performance propelled Apple’s stock price to new highs earlier this week, but the escalating uncertainty about the situation in China quickly dampened spirits. Mr Cook also said the company’s contractors in China have been forced to delay reopening factories that closed for the Lunar New Year holiday. Some of its suppliers are in Hubei, the Chinese province at the centre of the outbreak that has been under lock-down for more than a week.

Source: Irish Independent February 01, 2020 19:07 UTC