Cook's optimistic remarks are one of the first signs that China's supply chain has started to get back to work. Applethat it will not meet its March quarter sales forecast because the coronavirus could hurt iPhone supply around the world, as well as lower demand in China related to the coronavirus.
"When you look at the parts that are done in China, we have reopened factories, so the factories are working through the conditions to open. They're reopening," Cook said. "Our supply chain is relatively more important in China, but we have great business and suppliers in Korea, and suppliers in Italy and a great business there as well," Cook said. "We need to see as that unfolds."on Friday, which means that shares were down more than 20% from its all-time high of $327.85 per share on Jan. 29. Apple shares were down more than 1% on Friday.
Isn’t Tim Cook more important than Donal Trump?
If by under control you mean, jumping from person to person despite you spraying the shit out of everything. Yup it’s under control. I call bull! COVID2019 coronavirus
A 'Tool' of the PRC! BayAreaBS
He means plz buy my stuff
Tim Cook should be announcing the diversification of the supply chain. They have the cash, low interest rates and tax structure needed for a smooth transition. The markets are likely to punish slow adopters in the next China centric crisis. tt:MadMoneyOnCNBC LizPeek
China shut down their country to deal with the virus. What will Coronavirus Czar and evolution-denier Mike Pence do? The government is busy trying to blame Bernie Sanders for the market drop. Is there a sense of urgency? How bad does it have to get here before they respond?
Listen to these criminal cnbc fomenting carnival barkers, already changing their tunes, very subtle, for investors not to panic, mission accomplish as they helped spread unwarranted panic as their criminal hedge fund and trader buddies loaded up..
He really loves to lick China's boots. If this were the 30s hed probably lick Nazi boots too
Naive sanguinary
Have you asked Steve Kerr or Lebron yet?
Help me out here - who is Tim Cook?
It’s all a hoax folks, better odds of dying from flu, plane crash, car crash, hit buy bus, even winning lottery than dying from coronavirus, this is just another WS financial terrorism attack on your $ by the white collar Taliban on fake fear and media fomenting lies..
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