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Apple is reopening factories in China, says Tim Cook

Apple is reopening factories in China.

Tim Cook, the CEO of the tech giant, has confirmed that Apple factories in the world's most populous country are reopening as the coronavirus is coming under control in China.

He told Fox Business: "It feels to me that China is getting the coronavirus under control.

"I mean you look at the numbers, they're coming down day by day by day. And so I'm very optimistic there.

"On the supplier side, we have suppliers - you know, iPhone is built everywhere in the world. We have key components coming from the United States, we have key parts that are in China, and so on and so forth.

"When you look at the parts that are done in China, we have reopened factories, so the factories were able to work through the conditions to reopen.

"They're reopening. They're also en-ramp, and so I think of this as sort of the third phase of getting back to normal. And we're in phase three of the ramp mode."

The number of new cases of the coronavirus are slowing in China, according to the government.

However, there are an increasing number of cases elsewhere in the world - which has prompted concerns in the financial markets.

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