Apple Could Emerge Unscathed From China Ban, Says Munster, As He Details Plan B For Averting Any Potential Impact
Portfolio Pulse from Shanthi Rexaline
Apple Inc. (NASDAQ:AAPL) could potentially mitigate the impact of China's decision to ban iPhones from government offices and related companies, according to Gene Munster of Deepwater Asset Management. Munster estimates that the ban could reduce Apple's overall revenue by about 1% in 2024. However, he believes that Apple's brand loyalty in China will remain unaffected and that India could become a significant part of Apple's growth strategy. Currently, India accounts for about 3% of Apple's sales, but this could increase to match China's contribution of 20% over the next seven years.

September 09, 2023 | 10:30 pm
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Apple's stock could potentially be impacted by China's decision to ban iPhones from government offices and related companies. However, the company's growth in India could offset this impact.
China's decision to ban iPhones could potentially reduce Apple's overall revenue by about 1% in 2024. However, Apple's growth in India, which currently accounts for about 3% of the company's sales, could offset this impact. Over the next seven years, India's contribution to Apple's sales could increase to match China's contribution of 20%.
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