2023-09-08 12:25:00
China is beginning to retaliate against sanctions and bans on Chinese companies. In addition to controlling the export of germanium and gallium, China has imposed a ban on the use of iPhones among officials, which has led to a significant drop in the value of Apple shares. But now it could go a little further because the main state telecom, China Mobile, would not offer the iPhone 15 to its customers.
China Mobile is among the companies that the US Department of Defense considers to also have close ties to the Chinese military and therefore Americans cannot own shares in the company. Neither from this nor from China Telecom nor China Unicom, which are also controlled by the Chinese State. Not so much on a day-to-day basis, but in making infrastructure decisions and supervising the population.
What is not clear is that this will reduce the popularity of the iPhone 15 in the short term, but it could begin to promote anti-Apple sentiment in the medium term that considerably affects the company’s accounts. China has been one of the most important markets for the company in recent years, and without subsidies from China Mobile it will begin to affect the units sold.
Via:
9to5Mac.
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