$ AAPL on February 27, 2020

Tim Cook is optimistic about controlling Coronavirus; was WWDC 2020 threatened?

How is your expectation to control the outbreak of Coronavirus (COVID-19) at China? Will the authorities be able to contain the disease in the short term? I don’t know about you, but the Apple CEO is confident.

In an interview in Birmingham (Alabama, United States) for the Fox Business, in which it launched civil rights education and coding initiatives with the EdFarm organization, Tim Cook was asked about the commercial impact of Coronavirus on business.

Here is your answer:

It seems to me that China is controlling the Coronavirus. You look at the numbers decreasing day after day, so I’m very optimistic – on the supplier side, we have suppliers – you know, the iPhone is built everywhere in the world, we have key components from the United States, parts from China and so on. When you look at parts that are made in China, we reopen factories so that factories work in open conditions, they are reopening.

Apple shares plummeting

Things may even be improving, but the financial market is not in a good mood. To give you an idea, today’s $ AAPL drop was 6.54%.

$ AAPL on February 27, 2020

To have a sense of the damage, only today did Apple lose approximately $ 100 billion in market value – now, the shares are at the same level as they were almost three months ago.

She, of course, is not alone: ​​Microsoft’s shares fell 7.05%; those from Amazon, 4.81%; those of Alphabet, 5.39% – the list does not stop.

Will WWDC be canceled?

The new Coronavirus (yet?) Has not been classified as a pandemic, but its effects are already being felt in several countries. In the United States, for example, major events held by technology giants (which traditionally take place between March and June) are under threat.

Facebook has already tried to cancel the F8, its developer conference that was scheduled for May 5 and 6 at the McEnery Convention Center (San Jose, California) – a place that is also used by Apple to host the Worldwide Developers Conference.

Each year, we hope to connect with our global developer community at F8 and share our vision for the future that we are building together. But, given the growing concerns surrounding COVID-19, we made the difficult decision to cancel the personal component of F8 2020.

[…] In place of the F8 face-to-face event, we are planning other ways for our community to come together through a combination of local events, videos and live content. We will share more details about our plans for F8 in the coming weeks.

Google has not yet commented on the Google I / O, which – until then – will take place between the 12th and the 14th of May in Mountain View (California).

As we know, WWDC traditionally takes place in the first half of June. Even though it is about a month after the events of Facebook and Google, there are obvious concerns about holding large events like this, which end up putting more than 5,000 people under one roof.

So we can basically say that this year’s WWDC – as well as Google I / O -, at least as we know it, is heavily threatened.

via AppleInsider, MacRumors