Iphone Curbs News Today

Apple shares have tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work.

The worlds most valuable firm was set to lose around $100 billion in market value after suffering its worst one-day drop in more than a month on Wednesday.

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.

Apple shares fell sharply for a second straight session on Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities.