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SHANGHAI/TAIPEI, (Reuters) - China's widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday, fanning fears that Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition from Huawei. Apple shares tumbled 6.4% over the last two days, wiping $190 billion from its…
Apple on Thursday released a significant security update for iPhones and iPads to patch newly discovered security vulnerabilities in the devices' system software.
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.
Computer Lens Market Business Strategy, Industry Share 2023-2030 |
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Reports of a Chinese government ban on Apple's iPhone have sent the stock lower and some of its suppliers are hurting too.