Sep 8, 2023

Apple shares slide after China government iPhone ban reports

Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones. China is Apple's third-largest market, accounting for 18% of its total revenue last year. The reports came ahead of the launch of the iPhone 15, which is expected to take place on 12 September. There has been no official statement from the Chinese government in response to the reports. The reports came as tensions between Washington and Beijing remain high.

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