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Apple shares fall amid reports of China's increasing iPhone restrictions

Apple shares fell sharply for a second straight session following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities amid growing tensions between China and the United States. Shares of the worldโ€™s biggest publicly-traded company were down 2.8 percent at $177.79 in late morning trading on Thursday, after falling 3.6 percent |
United States Tom Forte Tim Cook Mike Gallagher China State Council Information Office Chinese Communist Party

Apple shares fall on reports of China iPhone restrictions

Apple shares fell sharply for a second straight session Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities.Shares fell 3.6 percent on Wednesday after a Wall Street Journal report that China barred the use of Apple smartphones in central government agencies.
United States Wall Street Journal Bloomberg News Patricko Hare Wedbush Securities Dan Ives
Source: yahoo.com

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