Select Apple Stores in the US to Reopen in the Coming Weeks
Alongside Apple’s fiscal second-quarter earnings, CEO Tim Cook announced that the company plans to reopen some select retail stores this month.
Cook made the announcement to Bloomberg, saying that he believes “just a few, not a large number” of stores in the US will re-open in the first half of May. Apple is reportedly “going to look at the data and make a decision city by city, county by county, depending on the circumstances in that particular place.”
In addition to this, the company plans to reopen all its retail stores in Austria and Australia.
Apple released its quarterly financial results on Thursday, looking back at the financial repercussions of the global economic slowdown due to the coronavirus pandemic. According to the report, Apple has $192.8 billion cash on hand, that's down 7.4% from its fiscal first quarter of 2020.
However, at the same time, Apple's revenue has reached an all-time high of $13.3 billion.
