Apple loses about $200 billion in market capitalization on reports of iPhone restrictions in China
Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing.
Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing. Apple shares fell 3% Thursday and are down more than 5% for the week on reports of an iPhone ban for Chinese state employees that is being dictated by Beijing. The ban was first reported by the Wall Street Journal, which cited unnamed sources saying China is ordering officials at central government agencies not to use iPhones or other foreign branded phones. Apple shares are down again early Friday.
![](https://upload.wikimedia.org/wikipedia/commons/0/01/China_video_game_market_per_platform_2015.png)
Video games in China - Wikipedia
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Apple offers iPhone 15 at rare discount in China as competition intensifies
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Apple faces market value loss of $200bn as China bans Government use of iPhones
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China workers reveal extent of iPhone curbs
Apple loses about $200 billion in market capitalization on reports of iPhone restrictions in China
![](https://static.foxbusiness.com/foxbusiness.com/content/uploads/2023/08/China-kids-smartphone.jpg)
Apple lost nearly $200B in market capitalization in matter of days on reports of iPhone restrictions in China
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Apple Loses about USD 200 Billion in Market Capitalization
Apple lost $200 billion in two days after reports of iPhone ban in China
![](https://www.khabarindia.in/wp-content/uploads/2023/09/iPhone.jpg)
China caused huge loss to Apple, 20 thousand crore dollars were lost in no time
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Apple shares slide after China government iPhone ban reports
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Apple Is Facing Major Challenges in China - The New York Times
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China curbs cost Apple $200 billion almost overnight
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How Much Would a 'Made in America' iPhone Cost? Too Much. - Foundation for Economic Education