China's widening iPhone curbs roil US technology sector
www.reuters.com
Beijing's widening curbs on iPhone use by government staff raised concerns among U.S. lawmakers on Thursday and fanned fears that American tech companies heavily exposed to China could take a hit from rising tensions between the countries.

cross-posted from [email protected]

  • Beijing has imposed restrictions on iPhone use among its government staff, causing Apple’s stock to drop by more than 3%.
  • The move exacerbates already high tensions between the U.S. and China, affecting U.S. tech companies with significant exposure to the Chinese market.
  • U.S. lawmakers from both major parties express national security concerns and urge a tougher stance against Beijing.
  • Apple suppliers like Qualcomm and Broadcom also experience stock declines, leading losses among major tech firms.
  • The restrictions indicate that even companies with good relations with China are not immune to geopolitical tensions.
  • Despite U.S. sanctions on Huawei, Apple faces competitive pressure in China, where it earns nearly a fifth of its revenue.
  • inkEnglish
    73·
    1 year ago

    Probably because Apple worked together with the Chinese government? Where do you think Taiwan is shown on an Chinese iPhone or where it gets its censor list?

    Apple is after money, everything else is secondary. So why would they ban their lapdog? They’re doing so now, probably to replace it with a homegrown manufacturer.