Apple Closes New York stores to Customers Due to Covid-19

Dec 28, 2021 By MarketDepth

Breaking Business Investing Technology What's Hot

Apple Mobile Watch Macbook 1

Apple (NASDAQ: AAPL) had decided to close its New York City stores to indoor customer traffic amid the rise in Covid-19 cases within the city. However, customers ordering online will be able to enter and pick up their products outside of the stores, according to the company website. The action comes as the multinational technology company is near a USD3 Trillion market capitalization. Some expect that milestone to trigger a technical correction for both the stock and the overall market.

Down 1%

In order to reach the USD3 Trillion market cap, the company’s share would need to amount to USD182.86. However, it fell less than 1% Tuesday, at around USD179 per share. 

Tighten Restrictions

Following the new variant, Apple has opted to tighten its restrictions. Two weeks ago, the company said that customers would need to wear masks when entering its retail locations though it had previously only required masks in locations that imposed mandates. Additionally, Apple temporarily closed stores in Miami, Ottawa, Ontario, and Annapolis, Md., earlier this month.  

“We regularly monitor conditions and we will adjust our health measures to support the well-being of customers and employees. We remain committed to a comprehensive approach for our teams that combines regular testing with daily health checks, employee and customer masking, deep cleaning and paid sick leave.”

The company Said in a Statement