Concerns about Apple in China hit two other Club stocks. Here's where we stand on all three

The Chinese government is moving to bar state employees from using iPhones or other foreign-branded devices at work, The Wall Street Journal reported Wednesday. Bloomberg confirmed the story Thursday, adding that restrictions could be extended to millions more at state-backed firms. Although Beijing has previously enforced restrictions on iPhone usage, the reported new rules signal a more concerted effort to sever China's dependence on Western technology.

Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China's Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion.

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Fuente: MarketWatch - 🏆 3. / 97 Leer más »