According to a newspaper report, the Chinese authorities are extending the ban on the use of iPhones.
This could become a bigger problem for Apple, warned Neil Wilson, chief analyst at brokerage firm Finalto. The People’s Republic contributes at least a fifth of the group’s sales. He doesn’t expect a complete ban on iPhones. “But we should see the matter from the perspective of the ongoing dispute between the USA and China.” The affair will keep Apple busy for a long time and will have a significant impact on sales.
Because of possible espionage for the government in Beijing, numerous Western authorities have banned Chinese apps from company cell phones and Chinese products from critical technical systems. Examples of this include the short video platform TikTok and the telecommunications equipment provider Huawei. In addition, the US restricted the export of certain computer chips and the machines used to make them in order to curb China’s technological and military rise.
Apple shares were temporarily 0.01 percent higher on the NASDAQ premarket at $177.57.
Bangalore/Frankfurt (Reuters)