Apple temporarily closing all stores, offices in China amid coronavirus outbreak

Apple announced it was temporarily shuttering all of its stores and offices in mainland China as the number of coronavirus cases soars to more than 17,000 globally with a vast majority in China.

Nicolas Asfouri/AFP/Getty Images

A woman wearing a protective face mask walks outside of a closed-off Apple Store in Beijing, Feb. 3, 2020. "Apple is following the trend of McDonald's, Starbucks, and other US companies that have retail stores/footprints within China," Daniel Ives, the managing director of equity research at Wedbush Securities, said.

With the vast majority of sales happening online,"we view a one week closure of Apple stores as having a negligible impact thus far despite the scary and concerning headlines from the region," Ives added.

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