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Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing.
Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing. Apple shares fell 3% Thursday and are down more than 5% for the week on reports of an iPhone ban for Chinese state employees that is being dictated by Beijing. The ban was first reported by the Wall Street Journal, which cited unnamed sources saying China is ordering officials at central government agencies not to use iPhones or other foreign branded phones. Apple shares are down again early Friday.
Apple loses about USD 200 billion in market capitalisation on reports of iPhone restrictions in China - The Economic Times
Apple Shares May Struggle as China Risks Mount, JPMorgan Says - Bloomberg
Apple suppliers slide on China anxiety, threat from Huawei
Apple's market value shed $200 billion in just 2 days
What's Trending on Instagram: Apple has lost roughly $200 billion in market capitalization over the last several days as tensions between the U.S. and China rise, and many outlets reported that the
Apple Is Facing Major Challenges in China - The New York Times
Apple faces market value loss of $200bn as China bans Government use of iPhones
Facebook Feels $10 Billion Sting From Apple's Privacy Push - WSJ
Apple stock lost a staggering $200B in valuation this week amid reports that China will BAN government employees from using iPhones