{"id":2025799,"date":"2023-09-08T12:47:01","date_gmt":"2023-09-08T16:47:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apple-shares-rebound-after-200-billion-wiped-out-over-china-iphone-ban-fears\/"},"modified":"2023-09-08T12:48:59","modified_gmt":"2023-09-08T16:48:59","slug":"apple-shares-rebound-after-200-billion-wiped-out-over-china-iphone-ban-fears","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apple-shares-rebound-after-200-billion-wiped-out-over-china-iphone-ban-fears\/","title":{"rendered":"Apple shares bounce back after $200B loss due to concerns over China iPhone ban."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fapple-shares-rebound-after-200-billion-wiped-out-over-china-iphone-ban-fears%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2025799&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>Apple \u2062Shares Rebound After \u2064China&#8217;s iPhone Ban<\/h2>\n<p>Apple shares took a hit this week, losing about $200 billion in valuation due to reports that China \u2064would ban government employees\u2063 from\u200b using iPhones for work. However, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/election-interference-twitter-changes-rules-back-to-what-they-were-before-election-now-that-they-manipulated-election-results\/\" title=\"ELECTION INTERFERENCE: Twitter Changes Rules Back to What They Were Before Election Now That they Manipulated Election Results\">tech giant<\/a> managed\u200c to rebound at the end of the trading week, climbing about 1 percent to\u200d around \u2062$180 per share.<\/p>\n<p>Despite the recovery, Apple is \u2062still poised for a weekly loss of \u2063nearly 5 percent. The\u200d decline in\u200b share price also affected Apple&#8217;s suppliers, with Largan Precision and Taiwan Semiconductor Manufacturing (TSMC) experiencing drops in \u200ctheir \u200bstock prices.<\/p>\n<h3>China&#8217;s Ban \u2064and Its Financial Consequences<\/h3>\n<p>Investors panicked after China announced the ban\u200c on government officials using Apple iPhones for work. This move is part of China&#8217;s \u200defforts to reduce dependence on foreign technology and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apple-shares-rebound-after-200-billion-wiped-out-over-china-iphone-ban-fears\/\" title=\"Apple shares bounce back after 0B loss due to concerns over China iPhone ban.\">enhance cybersecurity amid\u200b growing\u200c geopolitical tensions<\/a>.<\/p>\n<p>While the U.S. government has taken similar actions against Chinese tech firms \u200din the past, the ban on Apple could have more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/criminal-justice-is-not-a-game\/\" title=\"CRIMINAL JUSTICE IS NOT A GAME\">significant financial consequences<\/a>.\u200b China is a \u200ccritical consumer market and manufacturing hub for Apple, generating approximately one-fifth of its revenue. The ban could potentially wipe out around $280 million in profit for the tech giant.<\/p>\n<p>Analysts predict that consumers\u200c may adopt a hybrid approach, using both Apple and Huawei phones. However, some investors, like portfolio manager Dan Niles, have chosen to sell their stake in \u2062Apple\u200b and short the company due to the potential ban and increased competition\u2064 from Huawei.<\/p>\n<h3>The \u2063White\u200c House&#8217;s Response<\/h3>\n<p>While the ban has raised concerns, the White House has remained relatively quiet on the issue. National Security Adviser\u200d Jake Sullivan stated that this \u200cis \u2063primarily an issue\u2063 for the Chinese regime and not \u200dthe U.S. government. Treasury Secretary Janet Yellen also refrained from commenting on \u200dthe ban.<\/p>\n<p>As the situation unfolds, it remains \u2064to be seen how \u200cChina&#8217;s ban on\u2064 Apple will\u2063 impact the tech industry and \u2063the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-u-k-to-help-australia-get-nuclear-submarines\/\" title=\"U.S., U.K. to help Australia get nuclear submarines\">ongoing tensions<\/a> between the U.S. and China.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Apple shares rebounded at the end of the trading week, recovering from a two-session decline that wiped out $200 billion in valuation. The drop was caused by news of China&#8217;s plan to ban government employees from using iPhones for work. The market cap of the world&#8217;s largest company increased by approximately 1% in the process.<\/p>\n","protected":false},"author":278,"featured_media":2025800,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2025799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2025799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/278"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2025799"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2025799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2025800"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2025799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2025799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2025799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}