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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Club holding Apple (AAPL) isn't in danger of losing its footing, despite a recent market sell-off spurred by reports China is cracking down on iPhone usage.

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.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

WestRock shares rise on potential merger, Apple slides on China concerns, and other movers ThursdayWestRock and Apple are among Thursday's movers
La source: MarketWatch - 🏆 3. / 97 Lire la suite »