Apple Reopens More Than Half of Its Retail Stores in China
Apple Is Reopening More Than Half Of Its Retail Stores In China, Trying To Rebound From A Sales Hit Tied To The Coronavirus
(Bloomberg) -- Apple Inc. is reopening more than half of its retail stores in China, trying to rebound from a sales hit tied to the coronavirus.
As of Monday, 29 of 42 Apple stores in the country are opening, according to a review of the company’s retail websites. Most of these locations are still operating on shortened hours. Some outlets will be open for fewer than 8 hours. That compares with a typical 12-hour day, depending on location.
The Cupertino, California-based technology giant hasn’t said when the remaining stores will reopen. However, some Apple websites for specific stores show that operating hours will return to normal as early as the end of this week.
Apple’s retail footprint in China is critical to the company’s sales. The store closures were one of two main reasons for Apple saying it wouldn’t meet its revenue target of at least $63 billion in the current quarter ending in March.
Apple Chief Executive Officer Tim Cook told employees last week that retail locations in China were “starting to reopen, but we are experiencing a slower return to normal conditions than we had anticipated.”
Earlier on Monday, an analysis of official Chinese data showed that Apple’s China iPhone shipments dropped in January as the coronavirus began to spread.
To contact the reporter on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net
To contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Andrew Pollack
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