iPhone 15 May Face Hurdle In China As Government Officials Receive Foreign Device Ban, Says Report
Portfolio Pulse from Rounak Jain
The Chinese government has banned its officials from using Apple Inc.'s iPhones and other foreign-branded devices at work, which could impact the upcoming launch of the iPhone 15. This move is seen as a response to the US administration's ban on Huawei and TikTok. The ban could significantly affect Apple, which holds a 16% market share in China and for whom China accounts for 19% of its overall revenue.
September 06, 2023 | 7:42 am
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The ban on the use of iPhones by Chinese officials could negatively impact Apple's sales and market share in China.
The ban on the use of iPhones by Chinese officials could lead to a decrease in sales for Apple in China, which is a significant market for the company. This could potentially lead to a decrease in Apple's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100