Apple in an internal video to employees on Monday outlined upcoming plans for its retail stores, saying that May will likely see the reopening of "many more" brick-and-mortar locations that are currently closed due to COVID-19.
Investment firm JP Morgan has trimmed its AAPL price target to $335 due to the expected fallout from social distancing and store closures having a larger than the previously-predicted impact on Apple's bottom line.
Maybe 2019 was practice for Apple, as it is now used to releasing new products via a press release. That's what it had to do in March 2020 as the whole world self-isolated, and Apple Stores closed their doors.
Apple on Friday announced plans to shutter all retail operations in Spain starting this weekend, the latest in a string of country-wide closures prompted by the ongoing COVID-19 pandemic. A U.S. store in Pennsylvania has also closed on orders from the state's governor.