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.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications