Apple shares fell 3.6 percent to $182.9 per share after media reports that Chinese authorities were banning government employees from using iPhones. In this respect informs Bloomberg agency.
According to Bloomberg, the fall in the value of securities recorded on September 7, 2023 was the strongest since August. The newspaper states that since the beginning of the year, Apple shares have increased by 46% since the beginning of the year.
Apple’s offerings are strongly linked to events in China because this market is the company’s highest priority. According to Bloomberg, the iPhone is regularly among the most common smartphones among both private users and civil servants in China.
Journalists believe that the ban on the use of the iPhone in government organizations in China cannot be called unexpected. The secret services of this country have long discouraged their employees from using foreign technology. In addition, Beijing has been launching a campaign in China for several years to reduce reliance on American technology.
Already on September 12, Apple will hold its annual autumn presentation of the new iPhone, Apple Watch and AirPods.
Earlier, journalists announced Apple’s intentions To do iOS is smarter.