Tim Cook, CEO of Apple, has mentioned on Tuesday that employee travel to China has been limited due to the coronavirus outbreak, and one store was closed in China mainland. Moreover, operating hours for other retail locations were reduced.
This shows that the virus has its toll on the tech industry in one of its most vital markets, affecting both, sales and manufacturing operations. Other tech companies such as Facebook and LG, are allowing employee travel only for critical business operations.
Foxconn, Apple’s supplier, said that it did not expect the coronavirus to affect its manufacturing timelines. We do not know if Apple has been experiencing retail slowdowns or adjusted to the situation and carried out its manufacturing process elsewhere.