SHOCKING: China’s Secret Plan to Crush Apple – You Won’t Believe What’s Happening!

In the early pre-market hours in New York, Apple’s stock experienced a decline. This drop was attributed to a new report concerning China’s plans to expand its ban on iPhones within specific government departments, state-affiliated agencies, and corporations. The ongoing technological conflict between the United States and China continues to intensify, as reported by Zero Hedge.

According to Bloomberg, Beijing is currently considering the extension of restrictions on iPhones to encompass various state-owned enterprises and other government-affiliated entities. These developments were disclosed by unnamed sources who cited the sensitivity of the matter. This development follows a recent article in the Wall Street Journal, which detailed how these iPhone restrictions are part of Beijing’s broader strategy to reduce its reliance on foreign technology.

The sources emphasized that Beijing intends to apply these restrictions more broadly across state-owned businesses and other government-controlled institutions. During the pre-market trading hours in New York, Apple’s stock experienced a decline of 2.71 percent, breaching its 100-day moving average.

Wednesday’s trading activity marked the most significant daily loss in a month, mainly influenced by the WSJ report. Additionally, European chip-makers, including STMicroelectronics NV, a supplier to Apple, also witnessed a decline on Thursday, as reported by Zero Hedge.

The exact number of government agencies and state-owned companies affected by these new restrictions remains uncertain. However, it is clear that Beijing is making a determined effort to reduce its dependence on Western technology. This move has the potential to impact Apple’s market share in one of its largest markets, where 19 percent of its total revenue is generated.

The sources further noted that state-owned enterprises and organizations are likely to prohibit the use of Apple devices in the workplace, and some may even enforce a complete ban on employees owning these devices.

This development follows closely on the heels of Huawei’s launch of a new smartphone powered by an advanced 7-nanometer processor chip. This suggests that Beijing’s attempts to circumvent U.S. sanctions against its semiconductor industry are facing challenges, according to Zero Hedge. The move to eliminate Western devices from use by government officials and critical state-run enterprises appears to be part of an effort to revive Huawei’s smartphone business.

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