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China bans iPhone use for gov't employees to curb reliance on American-owned Apple/Tech

Posted on 9/6/23 at 10:35 am
Posted by HagaDaga
Member since Oct 2020
6019 posts
Posted on 9/6/23 at 10:35 am
I saw/heard this morning, and the current Apple drop is around 3%. Thoughts on how to manage this and if its long term effect on our tech stocks, not just Apples? Tesla is down ~3.5% right now too. Which other stocks should we be concerned about from this upcoming tech war? Lots of pieces to this puzzle that can be assumed, so will be interesting.

China bans iPhone use for gov't employees to curb reliance on American-owned Apple, foreign tech: report
MSN - Fox Business

quote:

In November, the Biden administration rejected approvals of new telecommunications equipment from China's Huawei Technologies and ZTE, citing "an unacceptable risk" to national security. As U.S. sanctions have deterred Huawei’s ability to produce 5G phones, Apple has reportedly dominated the smartphone market in China. However, Huawei recently revealed a faster flagship phone challenging Apple again for premium users.
This post was edited on 9/6/23 at 10:39 am
Posted by ItzMe1972
Member since Dec 2013
12210 posts
Posted on 9/6/23 at 10:42 am to
I'm sure there is an authentic knockoff to use.
Posted by HagaDaga
Member since Oct 2020
6019 posts
Posted on 9/6/23 at 10:48 am to
quote:

I'm sure there is an authentic knockoff to use.

Via Huawei's IP theft no doubt.

Will be interesting to see what Biden will do.

I wonder if tariffs are going to be used, especially on their <$20K EVs that they are soon going to want to start shipping over here.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
94811 posts
Posted on 9/6/23 at 1:19 pm to
This is how you tell people that Apple is working closely with the NSA without telling people that Apple is working closely with the NSA.
Posted by LSURussian
Member since Feb 2005
133665 posts
Posted on 9/6/23 at 1:38 pm to
quote:

China bans iPhone use for gov't employees
"At work..."
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135710 posts
Posted on 9/6/23 at 4:42 pm to
quote:

China bans iPhone use for gov't employees to curb reliance on American-owned Apple/Tech
Good!
Maybe Tim Cook will
F I N A L L Y
learn something
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