Apple to close some stores in states where virus cases are rising
https://arstechnica.com/gadgets/2020/06/apple-to-close-some-stores-in-states-where-virus-cases-are-rising/
Apple shares turned negative on the news, dropping 1.4 percent, while the entire S&P 500 index shed its gains from the morning. Apple stock remains near a record high, however, with investors valuing the group above $1.5 trillion—about $220 billion more than at the start of the year.
Wedbush analyst Dan Ives called it a “worrisome trend” for US retail, though he reckoned the impact on Apple sales would be limited. “Apple is a key barometer, globally,” he said. “For [chief executive Tim] Cook to close stores after reopening just a month ago, it’s a headline gut punch to the reopening bulls.”
Apple to close some stores in states where virus cases are rising
Jun 20, 2020, 5:23pm UTC
https://arstechnica.com/gadgets/2020/06/apple-to-close-some-stores-in-states-where-virus-cases-are-rising/
> Apple shares turned negative on the news, dropping 1.4 percent, while the entire S&P 500 index shed its gains from the morning. Apple stock remains near a record high, however, with investors valuing the group above $1.5 trillion—about $220 billion more than at the start of the year.
> Wedbush analyst Dan Ives called it a “worrisome trend” for US retail, though he reckoned the impact on Apple sales would be limited. “Apple is a key barometer, globally,” he said. “For [chief executive Tim] Cook to close stores after reopening just a month ago, it’s a headline gut punch to the reopening bulls.”