The Pak Banker

Coronaviru­s: Apple to reopen all branded stores in China

- BEIJING -AFP

Apple reopened all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were closed in the wake of the coronaviru­s outbreak.

The Cupertino- based technology giant's Chinese website listed the opening time for all stores. The website had previously carried an advisory saying not all stores were open.

Apple had announced the closing of its all branded stores in China in early February.

China placed curbs on travel and asked residents to avoid public places in late January, just ahead of the Lunar New Year festival, a major gift- giving holiday. Those restrictio­ns stayed largely in place through most of February.

The company sold fewer than half a million iPhones in China in February, government data showed this week, as the outbreak halved demand for smartphone­s.

The company manufactur­es most of its iPhones and other devices in China, which is also Apple's second- biggest market in terms of sales after the US.

Last month, Apple warned investors that supply constraint­s and falling demand in China will dent growth, making it unlikely to meet second quarter revenue targets.

In its earlier guidance for the three months to March 30, released on January 29, the Cupertino company projected revenue in the range of $63 billion ( Dh231.21bn) to $67bn, a year-on-year rise of almost 15.5 per cent.

In a memo sent to its employees last week, Apple has also advised its workers - based in various corporate locations including the US, Germany, Japan and South Korea - to work from home to combat the spread of coronaviru­s.

To ensure the wellbeing of its retail workers, many of whom work on hourly basis, Apple is offering unlimited sick leave if they experience coronaviru­s symptoms, reported 9to5Mac, a website dedicated to Apple news.

Apple retail workers are not required to submit a doctor’s note for this time off. This means that if they are experienci­ng the symptoms, they can take the time that they need without having to worry about running out of sick days or providing a note to management, it added.

The company manufactur­es most of its iPhones and other devices in China, which is also Apple's second- biggest market in terms of sales after the US. It typically unveils its new phones in September every year and is expected to launch four new 5G iPhones this year.

BofA's analyst Wamsi Mohan said the launch timing for new models would now “depend on how production ramps in April and May”.

The prevailing travel restrictio­ns to China have reportedly prevented Apple's engineers from visiting the country and completing final tests before the company can begin manufactur­ing 5G iPhones.

But analysts predict that such problems could be solved soon.

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