laitimes

The ban caused Apple's market value to plummet! The United States blames China instead

author:Good luck

#时事热点头条说#

Apple's iPhone is one of the best-selling phones in China, previously common in both the government and the private sector, but it is expected to change later.

The ban caused Apple's market value to plummet! The United States blames China instead

Apple's stock price tumbled on Thursday (September 7), and its market value lost nearly $200 billion in just two days.

Earlier, a number of US media said that China may extend the ban on the use of iPhones to government-backed institutions and state-owned enterprises. U.S. House members said the Chinese ban was not surprising and was aimed at restricting Apple's market access.

The Chinese market accounts for about a fifth of Apple's revenue, and most of the world's iPhones are made in China.

The United States blames China instead?

Apple's shares plunged as much as 5.1 percent on Thursday morning and nearly 3 percent at the close, plunging 6.4 percent over two days. This is the second time in about a month that Apple's stock price has fallen so sharply.

The ban caused Apple's market value to plummet! The United States blames China instead

Instead of reflecting on its own problems, the United States blames China.

AMERICAN ECONOMIST DAVY SAID THAT BECAUSE OF APPLE'S PRODUCTION AND SALES, CHINA'S SHARE IS TOO HIGH. At a time of tension between U.S.-China diplomacy and economic and trade relations, it is understandable that these companies that rely on the Chinese market and produce in China will have "an uncontrollable and unpredictable risk caused by an executive order."

"So the administrative risks that these companies currently have are very large." So we see that Apple has actually been laying out in recent years, moving the production supply chain outside China, and the relevant parts moving outside China to disperse this productive risk. DAVY SAID.

The global economic downturn is not good news for Apple. To add insult to injury, U.S. Treasury yields are rising. Markets sold bonds on fears that the Fed would have to step up its fight against inflation while the U.S. economy remained resilient.

If domestic companies and institutional employees do not bring iPhones to work, these measures may significantly weaken Apple's position in the Chinese market and affect Apple's operating income.

The United States has tightened chip export controls on China over the past few years, and last October the United States imposed a comprehensive sanctions package to cut off China's access to advanced chip-making equipment, and Japan and the Netherlands took similar measures.

The ban caused Apple's market value to plummet! The United States blames China instead

There are precedents.

Earlier, the United States used national security and data leakage as nodes to issue a ban on Huawei and a ban on the use of TikTok by U.S. officials.

China is Apple's largest foreign market and global production base, but the United States does not cherish or attach importance to it, does not seize the opportunity to expand economic and trade exchanges, but instead engages in targeting three or four times, creating contradictions, which was originally a market problem, but it was made into a political problem by the United States, and the United States wants to intervene in China's internal affairs.

The ban caused Apple's market value to plummet! The United States blames China instead

China's restrictions on Apple's mobile phones are, of course, considered technically, regulatory, regulatory, and so on. To illustrate, even large commercial companies such as Apple cannot act recklessly, even if Apple employs hundreds of thousands, if not more than a million workers in China through Foxconn to assemble its products, it must comply with Chinese laws and regulations.

If the United States continues to implement technical restrictions on the high wall of small courtyards and attempts to use national security and other interfaces to engage in commercial decoupling, it may also harm its own interests in the end.

Read on