Source: https://crowdbae..com/search/label/Business?m=1

Apple shares fell 2.9% on Thursday after reports that China was considering extending an iPhone ban to government-backed agencies and companies.

Investors are worried about the viability of the world's most valuable public company in the world's second-largest economy.

Apple (AAPL) on Wednesday posted its biggest daily drop in more than a month. The company lost about $200 billion in two days, and its stock is currently the worst performer on the Dow Jones Industrial Average.

The bans could be a worrisome sign for Apple. China is the largest overseas market for the company's products, and sales in China accounted for about a fifth of the company's total revenue last year. Apple doesn't disclose iPhone sales by country, but analysts at research firm TechInsights estimate that iPhone sales in China outstripped the US in the last quarter. Apple also makes the majority of iPhones at factories in China.

Continue Reading: https://crowdbae..com/2023/09/apple-loses-200-billion-in-two-days.html?m=1

China is only paying back US…

In their own coin.

The competition is real!

It's nothing to be sad about.


Stocks rise and falls

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