Cook also discussed how Apple's supply chains are coping in the wake of the coronavirus.
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CNBC's Jim Cramer said Friday cautioned retail investors against going all in on Apple's coronavirus-driven pullback.
Wall Street's worst week since the 2008 financial crisis didn't let up on Friday, with fears over coronavirus rocking a number of entertainment and tech giants, including Disney and Apple, and spooking investors in the process. The pain was felt across the board, with the three major indexes — the S&P 500, Dow and Nasdaq — all dropping at least 12% this week. On Friday, the S&P dipped 0.8% and the Dow fell 1.4%, while the Nasdaq made a late...
The global tech industry is being rattled by the virus.
Apple is currently checking on its suppliers in South Korea and Italy to see if it'll have to react to the outbreaks in these countries.
As of Saturday afternoon, thousands of people have signed a petition calling on South By Southwest (SXSW) to cancel the event this year thanks to the spread of coronavirus. The two-week festival in March draws hundreds of thousands of people from around the world to Austin. But after more than 80,000 people worldwide have been diagnosed with coronavirus, residents are raising alarm. In the U.S. there are 15 confirmed cases of the virus, with one...
A person who authored the petition said she was "concerned about the hundreds of thousands of people who will be traveling" to Austin, Texas in March.
CEO Jack Dorsey won’t headline show after company suspends noncritical employee travel
Quarantines, tariffs and slumping sales have caused agitation about the company’s strategy of assembling most of its products in China. In recent weeks, factory production has been crippled and Apple warned investors it won’t meet its own sales estimates.
The game is attracting a new generation of players as coronavirus continues to spread worldwide.
SXSW doubles down on coronavirus fears, says event will go on, adds more speakers
A growing number of people are calling for the cancellation of South by Southwest (SXSW) due to rising concerns about coronavirus. But SXSW organizers aren't changing their stance and have announced new big-name speakers on March 2, such as former U.S. Secretary of State Hillary Clinton and former Democratic Presidential candidate Beto O'Rourke. SXSW organizers announced Clinton and O'Rourke would be part of a two-day series of talks called...
Twitter pulled out earlier today
The global tech industry is being rattled by the virus.
South by Southwest (SXSW) generates hundreds of millions of dollars for Austin each year – but that's not stopping over 20,000 people from signing a petition to cancel the event amid coronavirus concerns. Casino El Camino on Sixth Street is pretty busy on a Monday afternoon, but in less than two weeks, owner "Casino Eighmey" expects the bar to be packed for SXSW, despite fears about the virus. "The people are going to come no matter what,"...
Social networking giant Facebook has opted out of the SXSW over concerns about the spread of coronavirus. “Due to concerns related to coronavirus, our company and employees will not be participating in SXSW this year,” the company said Monday in a statement. Facebook had been scheduled to be represented by about a dozen speakers at
Foxconn Technology, Apple’s main iPhone assembler, said it expects the number of workers at its plants in mainland China to return to full seasonal level by the end of March if the coronavirus epidemic doesn’t worsen.