Apple Loses $200Bn Market Cap Amid Reports of iPhone Ban in China

  • Apple’s market value drops by $200 billion amid reported Chinese government iPhone ban for state employees.
  • Tensions between the U.S. and China rise as Beijing aims to reduce dependence on U.S. technology, affecting Apple’s biggest international market.
  • This comes even as Apple readies for iPhone 15 launch and faces competition from China’s Huawei Mate 60 Pro.
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