How the Coronavirus is Impacting Apple

In Macau on Tuesday many shoppers wore face masks. The government has recommended that people across China wear masks to halt the spread of a dangerous coronavirus

Credit…Anthony Kwan/Getty Images

An outbreak of a new respiratory virus that originated in China has infected more than 6,000 people and caused over 130 deaths in the past several weeks. The Coronavirus was detected in Wuhan City, Hubei Province, China and continues to expand. Coronaviruses are a large family of viruses that are common in many different species of animals, including camels, cattle, cats, and bats. Rarely, animal coronaviruses can infect people and then spread between people

Nearly all of the worlds iPhones are made in China, along with other products including Apple Watch, AirPods, iPad, and Mac. Each of those locations is more than 500 kilometers away from Wuhan in central China, Bloomberg reports. Apple currently has over 10,000 direct employees in China and a few million in the supply chain.

Apple has recently increased orders for their flagship iPhones, due to high demand. Apple is also set to begin production of a new 4.7-inch iPhone next month, which could be significantly impacted if the virus continues to worsen.

“While our sales within the Wuhan area itself are small, retail traffic has also been impacted outside of this area across the country in the last few days…The situation is emerging, and we’re still gathering lots of data points and monitoring it very closely”

Tim Cook 28 Jan 2019

Apple has closed one retail store in mainland China and reduced operating hours for other retail locations. Apple is also providing care kits to employees near Wuhan and checking for symptoms of the virus, and aggressively cleaning retail stores and offices. Apple began limiting employee travel to China last week . Factories outside Wuhan area will not reopen after the Lunar New Year holiday until Feb. 10, Apple CEO Tim Cook says.

Stay with Spectrum Report for the latest news and update regarding the Coronavirus‘s impact on Apple.

Published by jsworski

Chief Executive- Spectrum Report

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