US-based technology giant Apple in recent days with news from China on the agenda. According to reports first from the Wall Street Journal and then from Bloomberg, the Chinese government has banned government employees from using iPhones. forbidden. The decision, which is still in the claims phase as it has not been officially confirmed by the Chinese government, has already been given to Apple. in damaged condition. Apple’s shares began to fall sharply as a result of developments in China.

In fact, there’s nothing the Chinese government can’t trade with Apple. In fact, Apple exports a significant portion of its production in China. The company’s sales in China 18 percent of global sales it corresponds. But the rivalry between the US and the Chinese government is hurting Apple this time, just like what happened to Huawei in the past. If we look at Apple’s global power, of course it will come to an end It won’t be like Huawei apparently.

Apple lost $200 billion in value as a result of news

Shares of Apple have risen steadily since early 2023. In fact, on an annual basis on July 31, 2023 record level reaches. Share prices, which were above $196 at the time, retreated a bit, but the recovery started again. On September 5 190 dollars Stocks, which were trading near the same level, fell sharply on the news from China. Apple shares are currently trading at $177. So the total loss 200 billion dollars it is over…

Things like this happen when the US and China are involved. Naturally. Because both countries have a very tough attitude towards each other. For example, the US has restricted China’s access to certain chip technologies. In addition, some restrictions were imposed on trade with Chinese companies. China, on the other hand, is catching up with the US through chip technologies. left without raw materials. The latest event was another retaliation from China to the US…