Apple CEO Tim Cook
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Apple CEO Tim Cook said Tuesday that the company has restricted employee travel and shut one store in China due to the coronavirus outbreak.
Cook added that the company is cutting back on retail store hours in China.
“We’re restricting travel to business critical travel,” Cook told CNBC’s Josh Lipton Tuesday. “For employees that are in the Wuhan area, we are providing care kits and supplying them across our employee population in China as well.”
In it’s first-quarter earnings report, Apple set an unusually large guidance range for the next quarter of $63 to $67 billion. Cook said the decision to set guidance with a range of $4 billion was reflective of the coronavirus outbreak and “the uncertainty around that.”
Apple manufactures most of its iPhones in China. While its two primary manufacturing sites are far from Wuhan, the epicenter of the outbreak, Bloomberg reported this week that the emerging public health threat could disrupt the company’s operations.
“We’re donating to groups that are working to contain the outbreak,” Cook told investors on Apple’s quarterly conference call Tuesday. “We’re working closely with our Apple team members in the affected areas, and our thoughts are with all of those in the region.”
Chinese health authorities said Tuesday that the coronavirus outbreak has killed 106 people and infected 4,515.
The Centers for Disease Control and Prevention told Americans Tuesday to avoid all nonessential travel to China, expanding its travel warning from the city of Wuhan to the entire country.
This story is developing. Check back for updates.