Apple’s market value fell below $1-trillion as trading opened on Monday, leaving Microsoft as the only US stock above the 13-digit threshold.
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Apple kept its business rolling through the coronavirus pandemic this week by launching a new iPad Pro and two new Macs. But that doesn’t mean its supply chain is in the clear.
Apple has unveiled an updated version of its iPad Pro tablet, with a new keyboard which includes trackpad support for the first time.
Apple is closing all stores outside Greater China until 27 March in response to the coronavirus pandemic. The firm said the most effective way to minimise risk of the transmission is to “reduce density and maximise social distance”.
Apple has cancelled the in-person aspects of its annual developer conference in response to the Covid-19 outbreak. The conference had been due to take place in San Jose, California, in June.
The Information Communication Technology Union has called on employers in the sector to allow their employees to work from home amid the coronavirus outbreak in South Africa.
Apple’s iPhone shipments plunged more than 60% last month, according to official Chinese data, as the coronavirus forced the US technology giant to close stores in the world’s largest smartphone market.
Apple’s highly anticipated 5G iPhone could see a delayed release as a result of the coronavirus, according to BofA, which cited a conversation with an expert on the company’s supply chain.
Apple has warned retail employees about shortages of replacement iPhones, another sign the coronavirus outbreak is straining the company’s supply chain.
Netflix has signed a distribution agreement with the Film and Publication Board, meaning the multinational streaming company must now obey local classification rules in the distribution of its content.