'I mean, if you look at the numbers, they're coming day by day by day. So I'm very optimistic there,' Cook said in an interview.
Cook's optimistic remarks are one of the first signs that China's supply chain has started to get back to work. Applethat it will not meet its March quarter sales forecast because the coronavirus could hurt iPhone supply around the world, as well as lower demand in China related to the coronavirus.
"When you look at the parts that are done in China, we have reopened factories, so the factories are working through the conditions to open. They're reopening," Cook said. "Our supply chain is relatively more important in China, but we have great business and suppliers in Korea, and suppliers in Italy and a great business there as well," Cook said. "We need to see as that unfolds."on Friday, which means that shares were down more than 20% from its all-time high of $327.85 per share on Jan. 29. Apple shares were down more than 1% on Friday.
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