9/23/2023 0 Comments Iphone dealers near meThe latest restriction by China mirrors similar bans taken in the United States against Chinese smartphone maker Huawei Technologies (HWT.UL) and short video platform TikTok, owned by China's ByteDance. companies had complained to her that China had become " uninvestible", pointing to fines, raids and other actions that have made it risky to do business in the world's second-largest economy. Commerce Secretary Gina Raimondo said U.S. No immediate impact is expected on earnings, however, considering the popularity of the iPhone in China, CFRA Research analyst Angelo Zino said.ĭuring a visit to China last week, U.S. This "should inspire companies to diversify both their supply chain and customer concentrations to be less dependent on China in the event the tensions get worse."Ĭhina is one of Apple's biggest markets and generates nearly a fifth of its revenue. in China where it employs hundreds of thousands, if not more than a million workers, to assemble its products through its relationship with Foxconn," D.A. company in its push to reduce its dependence on American technologies. China is one of Apple’s biggest markets and generates nearly a fifth of its revenue. CNN Sans ™ & © 2016 Cable News Network.Several analysts said on Wednesday that the reported move showed Beijing was not willing to spare any U.S. Market holidays and trading hours provided by Copp Clark Limited. 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Through a dealer, prices may be slightly higher, but you’ll get the peace of mind of dealing with a professional business with minimal risk. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Tech companies fell on the news, the Nasdaq Composite dropped by about 0.9% on Thursday and the semiconductor sector fell by more than 2%.ĬNN has reached out to Apple and to China’s Ministry of Foreign Affairs but has not received a response. Sulekha score: 3.7 Working hours: 10 AM to 8:30 PM. National Security Adviser Jake Sullivan said during a White House press briefing that the United States needs “more information about precisely its character and composition” to determine if parties bypassed American restrictions on semiconductor exports to create the new chip. Apple iPhone Dealers, Mobile Phone Dealers, Mobile phone accessories dealers. The US government said Tuesday it was investigating the new smartphone. The timing, said analysts, is “interesting.” On Thursday, Bloomberg reported that those bans had been extended to state-backed firms, including energy giant PetroChina, which employ millions of workers and control vast swaths of the Chinese economy.Īnalysts at Bank of America wrote in a note Thursday that the potential iPhone ban comes on the heels of a new high-end flagship smartphone released by Chinese manufacturer Huawei. On Wednesday, the Wall Street Journal reported that China had banned the use of iPhones for central government officials and that managers had been notifying staff of the ban via chat groups or meetings. Because of that, the company “has historically been viewed as relatively safe in China from government restrictions.” These reported bans present an important question, he wrote: “Is the government changing its stance?” REUTERS/Mike Segar Mike Segar/ReutersĪpple expected to unveil new iPhone at "Wonderlust" special eventĬupertino, California-based Apple also plays an important role in Beijing’s economy, wrote Brandon Nispel, an analyst at KeyBanc Capital, on Wednesday. A women uses an iPhone mobile device as she passes a lighted Apple logo at the Apple store at Grand Central Terminal in New York City, U.S., April 14, 2023. Find the best deals on the Unlocked Phones.
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