For the first time in nearly a year, all of Apple Inc.’s US retail stores are open.
That milestone, along with news over the weekend that Warren Buffett’s Berkshire Hathaway BRK.B,
remains optimistic about its 5.4% stake in the tech giant, sent Apple AAPL shares,
jumping more than 5% on Monday, his biggest gain in more than four months.
Apple closed all of its stores outside of China on March 13, 2020, when the COVID-19 pandemic swept the world. Its stores in China had closed that February.
But as of Monday, all 270 Apple stores in the US were open in some way, although some still have restrictions, such as being for appointments only. Stores in Texas were the last to reopen on Monday, following additional delays caused by February’s devastating winter storm.
9to5 Mac was the first to report the vacancies. He also said that the only Apple stores that remain closed around the world are about a dozen in France and Brazil.
Several American stores had reopened as of last May, but many were forced to close again as the pandemic worsened and local restrictions tightened. The reopened stores are seen as a benchmark in local business conditions and are an encouraging sign of an economic recovery as COVID-19 vaccines become more widely distributed and cases decline across the country.
Shares of Apple rose more than 5% on Monday, their best performance since a 6.4% gain on October 12. Shares of Apple are down 3.7% year-to-date but have risen 71% in the past 12 months, compared to the Dow Jones industrial average. DJIA,
3% profit this year and 18% last year.