Meanwhile, Wedbush Securities’ Daniel Ives opines the effect of an “iPhone ban is way overblown" citing it may affect less than 500,000 iPhones of the roughly 45 million to be sold in the country over the next 12 months.ĭespite the loud noise Apple has seen massive share gains in China smartphone market," Ives said. If the Chinese administration goes ahead with a ban on the use of iPhones and other foreign-branded devices by government officials, this may have a cascading effect on several other US technology companies that rely on sales and production in China.Īcross continents, Apple suppliers were trading lower on Thursday as multiple reports confirmed China’s latest changes. “The Nasdaq is sinking as one bad Apple spoils a bunch of mega-cap tech stocks," Bloomberg quoted Edward Moya, senior market analyst at OANDA, as saying, who added, “Apple’s growth story is heavily reliant on China and if the Beijing crackdown intensifies that could pose a big problem to the bunch of other mega-cap tech companies that rely on China." Includes single-player base content and over 40 DLC from Mass Effect, Mass Effect 2, and Mass Effect 3 games, including promo weapons, armors, and packs remastered and optimized for 4K Ultra HD. The latest development is having a widespread effect on the markets, with investors selling everything from chips, and mega-cap technology to US-listed Chinese stocks. Relive the legend of Commander Shepard in the highly acclaimed Mass Effect trilogy with the Mass Effect Legendary Edition. ALSO READ: China expands ban on use of iPhones, foreign-branded devices for government officials: ReportsĪs the US economy remains resilient, more troubles are waiting for Apple with the bonds sell off on worries the Federal Reserve, which will have to step up its fight against inflation.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |