2/25, 1:09 AM (Source: TeleTrader)
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Chart for: Apple Inc.

Apple reopens half of China stores

Apple Inc. resumed work in 29 of its retail stores in Mainland China on Monday, out of 42 in the region in total.

The American technology giant's operations have not yet returned to normal, considering many of the reopened stores are currently running on limited hours, the company website reveals.

Earlier in February, Apple decided to temporarily close up shop in the area where the COVID-19 outbreak began. Last week, the company stated the attempts to circumvent the effects of the disease will most likely cause the earnings in the first quarter for the year 2020 to miss the estimated $63 billion to $67 billion in profits.

Breaking the News / NL