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Apple recovers on the stock market after two days of fall due to the restriction of the Chinese government

Date: October 2, 2023 Time: 06:29:00

Apple shares have recovered on Wall Street and have experienced a slight rise of 0.35% after the Chinese government announced that it would limit the use of iPhones to state officials and public employees and the company suffered punishment for two days on the stock market. . from New York.

The plans announced from Beijing to expand the restrictions on the use of the US company’s devices by members and workers of government and state entities add to the technological limitations applied by the United States Government to Huawei’s new 5G mobile.

China, Apple’s main market

In fact, several agencies have already instructed their employees not to bring their iPhones to work, according to sources familiar with the matter and who have given credibility to a previous report advanced by the ‘Wall Street Journal’.

The Chinese market is the main one for Apple, which is the source of approximately one fifth of its income. Likewise, it is its most important location when it comes to producing mobile phones and devices for the brand worldwide.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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