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Apple Risk Management Strategy in Response to Covid 19 Discussion

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Running head: APPLE RISK MANAGEMENT STRATEGY IN RESPONSE TO COVID-19 1
Apple risk management strategy in response to COVID-19
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APPLE RISK MANAGEMENT STRATEGY IN RESPONSE TO COVID-19 2
COVID-19 's global distribution impacts every business. Apple does what they do with
the conviction that technology will change lives and the expectation that in a time like this it can
be a valuable tool. Like teachers are innovating to keep alive the virtual classes, enterprises are
experimenting with new ways of remaining competitive. And medical experts can diagnose
illnesses and reach millions in the blink of an eye with critical updates (Gross et al. 2020). Apple
is adapting and reacting in their way, and Apple needs to continue to play a part in supporting
more deeply emerging individuals and communities as well as beating its direct competitors.
Hence, this worldwide campaign — shielding the neediest, researching this virus, and taking care
of the ill — needs all of the attention and all of the commitment.
Immediately, Coronavirus has emerged as a vital risk factor for companies around the
globe. Organizations such as Apple computers were especially vulnerable due to their broad user
base in China and reliance on Chinese suppliers for their supply chain (Gasser et al. 2020). No
wonder Tim Cook listed the Coronavirus impact as a major source of uncertainty in the quarterly
earnings calls recently concluded by the firm. A major bright lining for the business at this
troubling moment is its $200 billion cash pool. Money reserve is the strongest antidote against
unforeseeable incidents, such as coronavirus outbreak for the company.
Indeed, cash is the greatest defence against any danger that cannot be defined or
quantified in advance. Apple invested a considerable deal of time working out the danger risks of
their company unlike their competitors and designing methods to handle them. A large portion of
their time is invested quantifying risks to market-based factors of danger arising from interest
rate volatility, currency rates and asset prices (Gross et al. 2020). Apple's iPhone sales fell in the
first quarter of 2020, but a major leap in sales from utilities and more than $10 billion from its
division of wearables shows new sources of production.

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Running head: APPLE RISK MANAGEMENT STRATEGY IN RESPONSE TO COVID-19 Apple risk management strategy in response to COVID-19 Student name Institutional Affiliation 1 APPLE RISK MANAGEMENT STRATEGY IN RESPONSE TO COVID-19 2 COVID-19 's global distribution impacts every business. Apple does what they do with the conviction that technology will change lives and the expectation that in a time like this it can be a valuable tool. Like teachers are innovating to keep alive the virtual classes, enterprises are experimenting with new ways of remaining competitive. And medical experts can diagnose illnesses and reach millions in the blink of an eye with critical updates (Gross et al. 2020). Apple is adapting and reacting in their way, and Apple needs to continue to play a part in supporting more deeply emerging individuals and communities as well as beating its direct competitors. Hence, this worldwide campaign — shielding the neediest, researching this virus, and taking care of the ill — needs all of the attention and all of the commitment. Immediately, Coronavirus has emerged as a vital risk factor for companies around the globe. Organizations such as Apple computers were especially vulnerable due to their broad user base in China and reliance on Chinese suppliers for their supply chain (Gasser et al. 2020). No wonder Tim Cook listed the Coronavirus impact as a major source of uncertainty in the quarterly earnings calls recently concluded by the firm. A major bright lining ...
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