“China Expands iPhone Ban, Affecting Millions and Impacting Apple’s Stock”

China has expanded its ban on iPhones to include government workers and state-owned companies, aiming to rely less on US technology. This impacts over 150,000 state-owned firms and 56 million employees.

The ban on Apple products is due to China’s desire to reduce dependence on US tech. It started with central government employees and now covers more workers.

"China Expands iPhone Ban, Affecting Millions and Impacting Apple's Stock"

This has affected Apple’s stock, which dropped over two days but slightly rebounded. China is vital for Apple, accounting for nearly 20% of its revenue, but the financial impact is expected to be around 4%.

"China Expands iPhone Ban, Affecting Millions and Impacting Apple's Stock"

Most of Apple’s products are made in China, though there are plans to produce in other countries. Geopolitical tensions between the US and China are causing tech companies like Apple to be caught in the middle.

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