As the world grinds to a halt due to the coronavirus pandemic, the impact on businesses large and small is palpable. Stores are shuttered around the country, movies are missing out on lucrative theater runs, and millions are suddenly finding themselves without a paycheck for the foreseeable future.
Apple, of course, is among the most heavily impacted. Back in February, it was one of the first companies to revise its guidance for the first quarter due to “a slower return to normal conditions.” While manufacturing has since improved, the effect on the second-quarter results remains to be seen and it’s likely to be ugly. Even though a new iPad Pro and MacBook Air are here, Apple’s popular retail stores remain closed around the world and likely will be for weeks to come.