
Apple shares fall amid reports of China’s increasing iPhone restrictions
Al JazeeraReports say China has barred the use of Apple smartphones in central government agencies, leading to a sharp drop in Apple’s shares. Apple shares fell sharply for a second straight session following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities amid growing tensions between China and the United States. Shares of the world’s biggest publicly-traded company were down 2.8 percent at $177.79 in late morning trading on Thursday, after falling 3.6 percent on Wednesday following a Wall Street Journal report that China barred the use of Apple smartphones in central government agencies. “This is textbook Chinese Communist Party behaviour – promote PRC national champions in telecommunications, and slowly squeeze western companies’ market access,” US Representative Mike Gallagher told Reuters.
History of this topic

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