Post
Topic
Board Politics & Society
Topic OP
China's iPhone Curbs Rattle Markets
by
sesterceshop
on 08/09/2023, 11:49:14 UTC
Apple's facing a rocky road in China as Beijing restricts iPhone use among government staff, causing Apple's stocks to drop.

Source: https://www.reuters.com/technology/apple-tumbles-drags-wall-street-lower-fears-grow-over-china-iphone-curbs-2023-09-07/

Not even strong ties with China can shield tech giants from growing tensions. The Huawei situation also adds to the complexity, with their new smartphone making progress despite U.S. sanctions. Apple's main chip supplier, Qualcomm, took a hit, and lawmakers from both parties express concerns about China's influence on national security.

This situation could reshape the tech market in China and beyond, potentially impacting Apple's standing. Probably other tech companies with stakes in both countries too. Anyone buying this dip?