Coronavirus has affected the world quite a lot over the last few weeks. The tech industry has been hit due to concerns over coronavirus, with companies like Apple forced to close factories in some parts of the world.
That has obviously affected the supply chain, forcing Apple to revise its revenue guidance, as it’s expecting coronavirus to constrain worldwide iPhone supply. In a new interview with Fox Business (via The Verge), however, Apple CEO Tim Cook shared some reassuring news for Apple investors.
Cook said in the interview that the company is slowly reopening factories in China. “It feels to me that China is getting the coronavirus under control. I mean you look at the numbers, they’re coming down day by day by day. And so I’m very optimistic there,” Cook stated.
“When you look at the parts that are done in China, we have reopened factories, so the factories were able to work through the conditions to reopen. They’re reopening. They’re also en-ramp, and so I think of this as sort of the third phase of getting back to normal. And we’re in phase three of the ramp mode,” Cook later added.
All of this is obviously quite promising as the number of new cases of coronavirus in China is slowing down, but there still have been a total of 83,719 cases worldwide, causing 2,858 deaths. The number of cases worldwide is still increasing, and the virus is slowly spreading to more parts of the world, so it will affect the global economy one way or the other.
Apple isn’t the only company affected by coronavirus, as a number of companies have recently been forced to pull out of major tech conferences due to concerns over coronavirus. And like Apple, Microsoft has also reviewed its revenue guidance due to the virus affecting the supply chain for its More Personal Computing business.