Apple’s China Business Faces Another Blow From Trump’s Huawei Ban
Apple could lose nearly a third of its profit if China retaliated by banning its products, Goldman Sachs analysts estimated this week. Dan Ives, an analyst at Wedbush Securities, said 3% to 5% of iPhone sales in China may disappear over the next 12 to 18 months because of the U.S. ban on Huawei. Apple shares were down less than 1% at 9:36 a.m. in New York.
Apple would face much more dire consequences if production restrictions were implemented in China, Goldman analysts led by Rod Hall wrote in a research note.
Submitted May 22, 2019 at 10:14PM by bitflag http://bit.ly/2X1isdO
