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Apple Inc said on Saturday it will close all of its stores outside of China until March 27, as the US tech giant aims to reduce the risk of infections of the novel coronavirus.
Around 50 percent of the group's revenue comes from 23 major cities in China, according to Colin Currie, managing director of Adidas in China. With a presence in more than 1,000 cities, the sports goods producer plans to penetrate to 2,000 cities in China when ready, he said.
Apple:?
As China's electric car makers produce and sell more cars, they have also been able to absorb costs more effectively.
Apple sales in China dropped 27 percent in the final quarter of 2018, with CEO Tim Cook admitting that higher iPhone prices are a "factor" in the decline.