Hall also noted that China's "tech ecosystem" and local employment could take a hit if Apple products are banned. Most of Apple's supply chain rests in mainland China, including the iPhone's final assembly, which is executed at Foxconn.
Analyst Rod Hall said in a note to clients that Apple's earnings could drop by 29% if the company's products were banned in mainland China.coming in at $10.22 billion"Should China restrict iPhone production in any way we do not believe the company would be able to shift much iPhone volume outside of China on short notice," Hall said.
Apple is just a mobile phone maker, and the bursting of the stock price bubble created by Wall Street is in sight.
start adding up the U.S. companies that need this deal.
30% is quite a conservative estimation
I thought phone sales don't matter was the latest narrative? It's service now. Isn't that account for the dramatic recovery in stock price? Did Goldman traders just open a short position on Apple?
good. it means Iphone will be cheaper. it’s a win for consumers. i have no sympathy for Apple. they are traitors.
Oh well. Sacrifices.
How much do you get from china ?
So Goldman Sachs analysts don’t understand that their (China’s) economy is slowing, that Apple pays more for parts made/assembled in China than android manufacturers or that the tax collected on iPhones is greater than China brands or android. What an idiot!
I don’t think China will because IPhones are status symbols. China likes status. Don’t get that confused with the trade war.
There will be huge jump in black market price
Puh jetzt wird es eng...für Apple und alle die mit China handeln
But apple used Chinese workers so they would be screwing themselves too
All good. They’ve been charging at least 35% too much forever. And that allowed them to build that cushion of $100s of Billions. ...not hating on that! Just HOPE aapl doesn’t feel a need to raise prices more. capitalist ConsumerSpendingPower
They won’t get kicked out of China because too many Chinese people work for Apple and make Apple products.
They should be fine and they should bring in their money from Europe, with fully paying tax.
They've been living on borrowed time for quite a while anyway. We see nothing fundamentally new from Apple. The choppy waters will have the sharks circling. 🦈 But who wins? The whale of course! 🐋 -
If the US play hard ball I would not be surprised if they will be kicked out of the country
I’m sure they’ll be okay... while farmers lose!
Awwwww. Poor tech sweat shop.