Apple CEO Tim Cook said in an early-recorded interview Friday that he is optimistic that the new coronavirus is beginning to be brought under control in China and that factories are gradually returning to work,media outlet Apple Insider reported. After working with Ed Farm to launch the AR civil rights education program in Alabama, Cook was interviewed by Fox Business Network host Susan Li, who asked about the impact of the new coronavirus on the company’s business.
“It seems to me that China is controlling the outbreak of a new coronavirus. You can see that the numbers are falling every day, so I’m very optimistic about that – on the supplier side, we have suppliers – you know, iPhone parts come from all over the world, we have key parts from the U.S., some of our parts from China, and so on,” Cook said. “When you look at parts made in China, we’ve reopened the plant, so the factory is working hard to prepare for the opening conditions and they’re back in work. This is all evolving. So I think this is because the third stage is back to normal and we are in the third stage of slope mode. “
In an interview scheduled to air on February 28, Cook will discuss Ed Farm’s plans. Other topics include further discussions on the new coronavirus, its impact on the global economy, and apple sales forecast revisions released on February 18.
Apple provided broad swingguidance for second-quarter revenue due to demand in China and slower manufacturing growth. Apple had expected revenue of between $63 billion and $67 billion for the quarter, which was beyond normal to deal with the uncertainty of the outbreak, but declined to provide new forecasts.
Apple has reopened about half of its retail stores in China in a limited time, but has limited the number of customers entering them. Foxconn, Apple’s founding company, pays workers extra to return to the plant, and it is unclear how much capacity the plant can provide.