Xi Jinping Government Has More Control On Apple Than Earlier Thought, Report Suggests
Portfolio Pulse from Rounak Jain
Apple Inc.'s decision to support RCS in iMessage by 2024 is reportedly influenced more by China than Europe, contrary to previous beliefs. John Gruber's report suggests that pressure from China, where iPhones are under scrutiny, and the Chinese government's mandate for RCS support in new 5G devices, are key factors in this decision. This challenges the notion that the European Commission's Digital Markets Act influenced Apple's move.
February 19, 2024 | 2:13 pm
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Apple Inc.'s decision to introduce RCS support in iMessage by 2024 is influenced by China's regulatory environment and market pressures, rather than European regulations.
The decision to support RCS in iMessage is a significant shift for Apple, primarily attributed to the influence of the Chinese market and regulatory mandates. This revelation could alter investor perceptions about Apple's strategic decisions and market influences. However, the direct short-term impact on Apple's stock price may be neutral, as the market digests the implications of this strategic move and its potential effects on Apple's position in the Chinese market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90