China Bans Government Officials From Using Foreign-Branded Devices, Including Apple iPhones, For Work
Portfolio Pulse from Benzinga Newsdesk
China has banned government officials from using foreign-branded devices, including Apple iPhones, for work, according to The Wall Street Journal.
September 06, 2023 | 7:11 am
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NEGATIVE IMPACT
Apple's iPhone sales in China may be negatively impacted by the government's ban on foreign-branded devices for official use.
Apple, being a foreign brand, is directly affected by China's ban on the use of foreign-branded devices by government officials. This could lead to a decrease in iPhone sales in China, negatively impacting Apple's revenues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be indirectly affected by China's ban on foreign-branded devices for government use.
The iShares China Large-Cap ETF (FXI), which tracks the performance of large Chinese companies, may be indirectly affected by the ban. The ban could potentially impact the performance of foreign companies in China, which could in turn affect the overall performance of the Chinese market and the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50