Apple (AAPL) shares are falling for a second day following a Bloomberg report that China could ban some state firms from using iPhones. It follows a similar report from the Wall Street Journal that the country is banning government officials from using iPhones at work. Yahoo Finance Senior Tech Editor Dan Howley explains that, given how Apple has worked with the Chinese government to satiate some of their security concerns, this seems to almost be more of “a delayed tit for tat for what the U.S. has done to the likes of Huawei and is doing to TikTok.” Howley also explains how Apple is putting more emphasis on India in terms of both manufacturing and an opportunity for growth. Howley also highlights the impending impact of the European Union’s Digital Markets Act, which will disrupt Apple’s App Store model, and affect other tech giants like Meta (META) and Amazon (AMZN).
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China 🇨🇳 ban iphone to make EYEPHONE 😂…
Ban Tesla to make YESLA 😊
🤔😂🤣
Chinese products are no longer copycat. American products are copying China,
Hell yeah!! Congrats to China. 👍
None of these people are confidant in talking. Lots of “a aa a aa “ . India has been producing Apple casing in Chennai plant for the last 2-3 years and rejection levels are 50% as confirmed by Apple engineers. Tim Cook is not a fool who said It’s easy to fill up many football fields with high precision engineers in China where as elsewhere it’s difficult to fill even a office room with similar level engineers
No country can replace China. Its natural that China write the rules.
Moving forward , the Chinese have started their move away from western products . They have caught up enough to make their own products competitive and this will only continue . Apple days of dominance are over
Hell yeah!! Congrats to China. 👍
Apple will be fine. I do hope their price comes down some more.
Not just iPhone will lose sales but all those app store apps where apple makes the majority of their profit…
Good luck with India then. LOL
these Chinese
So in other words countries are moving away from globalization and back to protectionism as the cold war between China and the US ramps up!
world war III
hey hey, iphone 15 is coming out soon…$2000 a pop…🤣🤣🤣
This is what US bullying policy will end in the end….
that facial hair deserves a free and reserved residency at the nearest local bird sanctuary.
The decline in Apple’s shareprices has become noticeable, particularly in light of the current downward trend in the Chinese market, which constitutes a significant portion of iPhone sales. An important aspect to consider is that a substantial 95% of iPhone components are manufactured in China. Compounding the situation, Huawei’s latest phone not only boasts a lower price than the top-tier iPhone but also showcases superior features and capabilities. This recent development poses a significant challenge to traditional brand loyalty as a decisive factor for consumer choices. Consequently, I have reached the decision to divest my shares in Apple, considering these circumstances and their potential impact on the company’s performance.
No. Government officials are not banned from using iPhones completely. They are just not allowed to use their iPhones for official work. They can use it at home or in their private interactions. Many governments and definitely military bases all over the world do not allow any kind of “unofficial” mobile devices to be carried or use at those workplaces.
Good job China
Jai Hinduja. Time to pick up cheap. We Indian origins will be the biggest APPLE consumers
China should ban all Apple products like what US did to Huawei products accusing Huawei provides back door service but can’t prove its existence until today. China is in the risk of internal security breach if keep using US products and services. China must take immediate action before it is too late.