Apple Stock News: Supply Chain Struggles and New Announcements

Apple Stock

Apple’s Supply Chain Still Struggling To Return To Normal

Even though China is recovering from the Coronavirus pandemic, Apple’s supply chain is still far from its normal production. One person who works for this supply chain said that it may take “another month or more” to get the system to normal speed. Apple stock (AAPL) fell from $248.95 to $229.24 the day when this news surfaced the media.

The main issue is not only China but the lockdown in other countries that are dealing with the virus spread. Malaysia is a good example since its lockdown impacted the production of chips and circuit boards for the iPhone maker. Israel, home of hundreds of Apple’s research and developers engineers, is only letting citizens leave their homes for essential reasons.

It is still not clear whether these struggles might affect the 5G iPhone launch. Besides China lockdown in February, Apple still managed to make a limited number of test versions of the new phone model.

Tim Cook Confirms Donation of Millions of Health Masks

After Mike Pence, VP of the United States announced a donation of two million masks to U.S. organizations, Apple’s CEO Tim Cook used his Twitter account to confirm the information.

“Our teams at Apple have been working to help source supplies for healthcare providers fighting COVID-19,” Cook said. “We’re donating millions of masks for health professionals in the US and Europe. To every one of the heroes on the front lines, we thank you.”

The N95 masks are in short supply because of its high demand at the moment. This type of mask is made of a product that can filter around 95% of airborne particles. Yet, it is still unclear how Apple was able to have this quantity of masks available to donation.

Despite COVID-19, Apple is Still Announcing New Devices

laptop iphone smartphone apple technology telephone gadget mobile phone close up brand product electronics multimedia electronic device portable communications device communication device

The pandemic is not stopping Apple from introducing new devices. Despite stores outside Greater China are still closed, the iPhone maker announced last week a new MacBook Air and iPad Pro, plus an increase in the storage capacity of its Mac Mini desktop.

In addition, a report said that Apple’s new iPhone with 5G compatibility is still planned to be launch in the fall.

Read more about Apple Stock in 2020

Share on facebook
Share on twitter
Share on linkedin
Share on print
Share on email