apple price

The original report by The WSJ states that the ban was imposed on central government agencies to not use Apple's iPhones and other foreign-branded devices for work nor bring them into the office in a move to cut China's reliance on foreign technology and enhance its cybersecurity. Moreover, in recent news, the ban has now extended to local governments in China as well as the ban on the use of both the Apple Watch and AirPods, as reported by CNBC.

This would be a blow to Apple both as a manufacturing partner and a big market for its products as China had become the world's largest iPhone market in the Q2 of 2023 accounting for 24% of all iPhone shipments, while Apple's US market stood at 21% according to The South China Morning Post. All this has led to Apple shares falling by as much as 6% wiping out USD 200 billion of value in the stock market just two days after the report of the ban was made public. In the midst of all this, Apple is set on having its iPhone 15 event "Wonderlust" later today while Huawei had just recently announced a new flagship smartphone ahead Apple's event with the Huawei Mate 60 Pro Plus.

Our coverage of apple price includes: "China expands ban on iPhones for government use, including local officials"; "How Much It Will Cost to Go Full Apple"; "Apple iPhone 12, 12 mini in Purple now official". Each article provides unique insights and information.