Recently, Apple announced to reopen all its retail stores in mainland China. The development came after the rapidly improving coronavirus situation in the country. Since the 1st of February, Apple closed all its retail units in China due to the growing cases of coronavirus in the country. Initially, the company was planning to reopen them by the 9th of February but postponed it at the last minute. Apple is expecting a relatively dull quarter owing to the effects of coronavirus.
On Thursday, China announced that the coronavirus epidemic has already crossed its peak time. The World Health Organization recently recognized the outbreak as a pandemic. The president of China claimed that the nation is moving in a positive direction. China successfully controlled the disease to an extent. The number of coronavirus affected people remains around 80,000 in the country, which is impressive.
The Supply Blockage
The effect of coronavirus is visible in the retail stores of the United States as well. Reports suggest that currently, these stores have no latest generation iPhones, such as iPhone 11 Pro and 11 Max. China is the major assembling hub for Apple, and the coronavirus outbreak has restricted the supply of these phones.
Most retail stores are running out of the iPhones, and they have no idea when the stock will arrive. Inadequate shipment said to be the major cause of the lack of availability. Coronavirus also affected the production of iPhones as well. Foxconn, an Apple authorized supplier, revealed that now they are only producing 25% of their original capacity.
Besides, Apple reportedly canceled its March event to avoid mass gathering. Therefore, the company is going to conduct a press release for the announcement of its new products. Apple is going to release the highly anticipated iPhone SE 2, aka iPhone 9 in the press release.