China’s iPhone Ban Causes Apple Stock Price to Plummet: $200 Billion Loss in Market Cap

2023-09-07 17:46:49

par Niels Saelens
posted on Thursday September 7th, 2023 at 7:46 PM •
3 min read

Apple’s stock price is under pressure after China banned government workers from taking their iPhones to work. In just two days, Apple saw around $200 billion in market capitalization go up in smoke.

Featured: Apple falls on Wall Street.

The tech giant fell 3.6% on Wednesday and was still down more than 3.5% at the start of the day on Thursday. With these two consecutive drops, Apple has already seen 200 billion

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