Apple shares plummet as China bans iPhones in government offices
Shortpedia
Content Team
Image Credit: twitter
China has prohibited central government officials from using or bringing iPhones and other devices from foreign brands, into the office, as per a Wall Street Journal report. This has caused Apple's shares to plummet by 3.6% to $182.91, the highest one-day drop since August 4. China is one of Apple's largest markets, generating roughly a fifth of its revenue. This ban could heighten concerns among foreign firms operating in China as Sino-US tensions escalate.
