Nothing sums up the uncertainty of the re-opening economy and the continued coronavirus pandemic than news today that Apple (AAPL) is temporarily again shutting some of its U.S. retail stores. The 11 closed stores are in  Florida, Arizona, North Carolina and South Carolina, states that are seeing spikes in coronavirus infections and hospitalizations.
When Apple began reopening some of its U.S. retail stores in May, the company said it would not hesitate to close locations again if necessary. And today Apple decided it was necessary.
Apple’s statement: “Due to current COVID-19 conditions in some of the communities we serve, we are temporarily closing stores in these areas. We take this step with an abundance of caution as we closely monitor the situation and we look forward to having our teams and customers back as soon as possible.”
Before today’s announcement Apple had announced that it would reopen more than 70 U.S. stores, including locations in New York City.
Arizona reported a 7.5% jump in new cases on Friday, or 3,426, to bring total state cases to 46,689. The state reported 41 new deaths, raising the total to 1,312. Florida reported a 4.4% jump in new cases. Cumulative hospitalizations of Florida residents rose by 197, or 1.6%, to 12,774.
so. buy sell hold?
Love your work Jim! Thanks for helping people in these difficult times.