COVID-19: Apple increases support for China’s recovery plan with $7 million; reopens 42 stores

- Apple Inc has donated over $7 million to China to help the country deal with the coronavirus outbreak

- It has also reopened all of its 42 stores in the country, its CEO, Tim Cook, has confirmed

- The coronavirus has led to over 850,000 infections and 42,000 deaths globally

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Apple Inc has increased its aid to China to over $7 million and opened all of its 42 stores in the country.

According to Tim Cook, Apple’s Chief Executive Officer, Apple has fulfilled its promise of a donation of masks to health professionals in the United States of America (USA) and Europe.

He added that the masks were sourced from the company’s supply networks to help fight the virus which has led to over 850,000 infections and 42,000 deaths globally.

Aside from a pledge of a donation by Chinese billionaire and co-founder of Alibaba, Jack Ma, other tech giants in the country have come in to support, Reuters.com reports.

READ ALSO: Coronavirus: Latest report shows Apple may delay the release of 5G iPhones

Chinese media reports say they include Baidu (BIDU.O), Tencent (0700.HK), Huawei and ByteDance.

Cook further indicated that Apple has already donated 20 million yuan of its promised amount through Beijing-based China Foundation for Poverty Alleviation to support six hospitals in Hubei, including the makeshift Leishenshan hospital in Wuhan.

Together with 2 other companies, it pledged to donate almost 10 million facemasks to help eliminate the virus.

In other news, four of the biggest technology companies in the world have lost a total of $1.3 trillion since February 2020.

Referred to as MAGA by United States president, Donald Trump, the companies are Microsoft, Apple, Google’s Alphabet and Amazon.

The companies lost their stocks as the markets continue to be upset by the coronavirus.

Business Insider reports that each of the companies has boasted a market value of more than $1 trillion at one point in time.

READ ALSO: Coronavirus: Report shows Apple may fall short of Q2 revenue projection

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Source: YEN.com.gh