Within the assembly, reported by Bloomberg, Cook dinner referred to as the coronavirus a “hectic second,” but in addition reassured staff in regards to the firm’s sturdy monetary place — it has about $120 billion in money and equivalents — which helps it pay retail staff whereas shops are closed, amongst different issues.
He additionally mentioned the corporate would proceed to spend money on analysis and improvement of future merchandise, though he does not know but when staff will return to places of work.
Apple declined to remark.
Cook dinner’s feedback come amid Apple’s growing efforts to assist in the struggle in opposition to the coronavirus. Although the corporate’s places of work are largely empty, its staff are working remotely and, Apple’s tried to make use of its energy as one of many largest and most extremely valued firms on the earth to fabricate for medical employees in addition to to create know-how to assist alert individuals who might have are available contact with somebody however did not but comprehend it.
Cook dinner touted a few of these initiatives throughout his speak with staff, reportedly saying that if the corporate retains investing in staff and their work, he does not “see any purpose to be something however optimistic.”