Apple loses about USD 200 billion in market capitalisation on reports of iPhone restrictions in China
Apple shares fell 3 per cent Thursday and are down more than 5 per cent for the week on reports of an iPhone ban for Chinese state employees that is being dictated by Beijing. The ban was first reported by the Wall Street Journal, which cited unnamed sources saying China is ordering officials at central government agencies not to use iPhones or other foreign branded phones.
Apple suppliers slide on China anxiety, rising competition from Huawei
China's widening curbs on iPhone use by government staff intensified a sell-off of tech stocks on Friday, fanning fears that Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition from Huawei.
Apple Shares Fall Sharply Amid Reports Of China Widening iPhone Curbs
Apple shares fell sharply for a second straight session on Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities. Shares of the world's biggest publicly-traded company were down 2.8 percent at $177.79 in late morning trading. Shares fell 3.6 percent on Wednesday after a Wall Street Journal report that China barred the use of Apple smartphones in central government agencies. Tha…
Apple loses about $200 billion in market capitalization on reports of iPhone restrictions in China
Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing
- 54% of the sources are Center
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