Apple to reopen a store in Shanghai on February 15
FILE PHOTO - A closed Apple store is seen as the country is hit by an outbreak of the novel coronavirus, in Shanghai, China February 10, 2020. REUTERS/Aly Song
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Join SI Premium – FREE
(Reuters) - Apple Inc (NASDAQ: AAPL) said on Friday it would reopen one of the seven retail stores it has in Shanghai from Feb. 15 with reduced working hours, a day after the iPhone maker said a few retail stores in Beijing would start functioning from Feb. 14.
The company extended its retail store closures in conronavirus-hit China last week, while it worked towards opening its corporate offices and contact centers in the country.
Coronavirus has claimed 1,380 lives, infected 63,851 on the Chinese mainland, and has spread to at least 24 countries.
It has led to lockdown of cities, extended new year holidays and factory closures that have disrupted the supply chains of several companies.
(Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- China summons German ambassador after spying arrests
- Exclusive-ByteDance prefers TikTok shutdown in US if legal options fail, sources say
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!