Apple shuts down all stores outside China
Apple announced that the company will shut down all stores outside greater China to avoid coronavirus outbreak. Online stores will remain open as well as the App Store. Tom Cook said that the company had learnt lessons China and to minimize the outbreak risk, people need to maximize the social distance. Apple ordered deep cleaning of all the offices and stores worldwide to avoid further health issues.
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Apple lost $180 billion in market value in just one day
This year Apple became the first American company to reach a market cap of $2 trillion. Yesterday, Apple captured another record, this time for its falling share price which amounted to the biggest market cap drop for a U.S. listed company ever. The stock lost over $179.92 billion in market value. That drop is larger than the individual market caps of 470 of the S&P's 500 companies.
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FoxNews
Apple reports a 225% growth in iPhone sales in China
Apple became the fastest-growing smartphone maker in China in the second quarter. The cheaper iPhone SE and the popularity of the iPhone 11 series, along with deep discounts, helped Apple get a boost. The sell-through volume for iPhones in China was 7.4 million units in the April to June quarter, a 32% growth year-on-year, according to Counterpoint Research. On a quarter-on-quarter basis, iPhone sales jumped 225%
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CNBC
EU leaders finally agree on a 750 billion euro coronavirus package
After five days of intense discussions, European Union leaders have agreed on a 750 billion euro stimulus plan to help fund Europe's recovery from the coronavirus crisis. The deal would focus on providing funding across three pillars: creating reforms to help businesses rebound from the pandemic, rolling out new measures to reform economies over the long haul, and investing to help protect from "future crises."
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CNN
Walmart, CVS, Target and Apple to close some stores amid protests
U.S. retailers large and small have closed some of their stores across the country because of disruptions caused by the widespread street protests over the police killing of George Floyd in Minneapolis. Target, CVS, Apple and Walmart all said Sunday that they had temporarily closed some locations for safety reasons.
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Fox6now