China’s iPhone ban for government workers roils Apple, other tech stocks

Posted on AllSides September 7th, 2023
From The Right

Beijing’s widening curbs on iPhone use by government staff rattled Apple and other US technology stocks on Thursday as investors fretted over the financial impact of rising Sino-American tensions on companies with large China exposure. Apple fell more than 3% and was on track for its worst two-day decline since November after media reports said Beijing has told employees at some central government agencies in recent weeks to stop using their Apple mobiles at work. Several Wall Street analysts said the curbs show that even a company with a good...

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