US EditionApple shares slide after China government iPhone ban reports
- Apple's stock market valuation has fallen by over $200 billion in the last two days as reports surfaced of Chinese government workers being banned from using iPhones for work. China is Apple's third-largest market and the ban could potentially impact annual iPhone sales by up to 10 million units.
- Huawei's recent release of new smartphones, including the Mate X5 and Mate 60 Pro+, has caused concern for Apple, as it raises competition in one of Apple's biggest markets. Analysts believe this could mark a turning point for Huawei in its efforts to rival Apple.
- The widening curbs on iPhone use by government staff in China reflect rising Sino-U.S. Tensions and the ongoing competition between the two nations. The restrictions not only affect Apple but also its suppliers, such as Qualcomm, Broadcom, and Texas Instruments, leading to a sell-off of tech stocks.
48 Articles
48 Articles
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 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. Apple shares fell 3% Thursday and are down more than 5% 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 ci…
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. Apple shares fell 3% Thursday and are down more than 5% 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 ci…
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. Apple shares fell 3% Thursday and are down more than 5% 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 ci…
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
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