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China's widening iPhone curbs roil US technology sector - Reuters (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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cross-posted from [email protected]

Beijing has imposed restrictions on iPhone use among its government staff, causing Apple's stock to drop by more than 3%.
The move exacerbates already high tensions between the U.S. and China, affecting U.S. tech companies with significant exposure to the Chinese market.
U.S. lawmakers from both major parties express national security concerns and urge a tougher stance against Beijing.
Apple suppliers like Qualcomm and Broadcom also experience stock declines, leading losses among major tech firms.
The restrictions indicate that even companies with good relations with China are not immune to geopolitical tensions.
Despite U.S. sanctions on Huawei, Apple faces competitive pressure in China, where it earns nearly a fifth of its revenue.

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[–] [email protected] -1 points 1 year ago

I mean, after everything that's happened since Trump if you didn't see this coming you just haven't been paying attention, no one has to use American tech, they choose to, given enough motivation they'll choose to use something else. I mean I could care less about Apple, fucking evil empire, yet, not nearly as evil as the fucking CCP. I don't care that China is going to boycott US tech, I'd rather they fuck off ans stay in China, try to repair their failing economy by themselves, lol