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Apple stock slips on report China is ramping up iPhone ban efforts

Published 12/15/2023, 05:24 PM
Updated 12/18/2023, 04:35 AM
© Reuters.  Apple (AAPL) stock slips in aftermarket on report China is ramping up iPhone ban efforts

Apple (NASDAQ:AAPL) shares fell 0.8% in pre-market Monday after Bloomberg News reported that various Chinese government agencies and state-backed companies are reportedly instructing their employees not to bring Apple iPhones and other foreign devices to work.

This move aligns with China's long-term goal of reducing reliance on foreign technologies and promoting the use of domestic products.

Several state firms and government departments in multiple provinces have issued directives in the past month or two, encouraging employees to use local brands.

Latest comments

IPhone is overrated and too expensive.
Communism
Rule by terror. Only way to stay in Power.Persecute their own people.
Tech lovers from abroad are travelling to Dubai to pre-book their iPhones. They want to be among the first to get their hands on the latest iPhone models, even if they have to travel a long way to do it.
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