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morry040 , 11 months ago There's a lot of FUD with this news, but it needs some facts to determine the impact. This is a ban on work use, not personal use. The central government already had restrictions in place since 2020. Since the start of 2020, Apple's share price has grown 120%. Apple's share of the Chinese market is only 18% The "economically active" population of China is 780m and only 56m (7.2%) work in state-owned organisations [Gov metrics]. And this is why's Apple's share price has only gone down by 5%, losing only 2 weeks of gains.
There's a lot of FUD with this news, but it needs some facts to determine the impact.
And this is why's Apple's share price has only gone down by 5%, losing only 2 weeks of gains.