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>Shares of Apple dropped 7.2% in the week leading up to the unveiling of the company's latest handset. The shares have probably been dropping mainly due to rum
by Clubber 3y ago
>Shares of Apple dropped 7.2% in the week leading up to the unveiling of the company's latest handset.
The shares have probably been dropping mainly due to rumors that China will be banning iPhone sales, which is a pretty big market for them. There usually isn't a single reason like the article is trying to attribute.
https://www.theguardian.com/world/2023/sep/08/china-iphone-ban-government-state-owned-firms-workers-apple-us https://www.theguardian.com/world/2023/sep/08/china-iphone-b...
But China denies it. Sounds like market manipulation via media.
https://www.cnn.com/2023/09/13/tech/china-denies-iphone-ban-intl-hnk/index.html?utm_source=business_ribbon https://www.cnn.com/2023/09/13/tech/china-denies-iphone-ban-...
- dylan604 3y agoI thought the ban was on Chinese Gov't use not the entire country. With that, I just assumed it was in response to US gov't banning TikTok on gov't devices. Essentially titForTat++. Everyone here says China has gotten Apple to allow them to spy on iDevices anyways, so they will know what the phones are doing.