Apple shares have seen a significant drop, losing $200 billion in market value in just two days, due to China’s plan to expand the ban on the use of iPhones to government-backed agencies and state companies. This decline is part of a broader selloff sparked by China’s economic woes. The ban could also impact other US technology companies that rely on sales and production in China. However, some analysts believe the impact of the ban on Apple will be minimal.
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Apple selloff deepens to $200 billion on China iPhone curbs
Apple shares have seen a significant drop, losing $200 billion in market value in just two days, due to China’s plan to expand the ban on the use of iPhones to government-backed agencies and state companies. This decline is part of a broader selloff sparked by China’s economic woes. The ban could also impact other US technology companies that rely on sales and production in China. However, some analysts believe the impact of the ban on Apple will be minimal.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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