(Bloomberg) -- Apple Inc. suffered its worst stock decline in a month following a report that Chinese government agencies have barred staff from using the iPhone and other foreign-branded devices at work.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackStocks Retreat After Hot ISM Fuels Fed-Hike Wagers: Markets WrapChina Slowdow
  • reddig33@lemmy.worldEnglish
    2·
    10 months ago

    Is this some sort of thinly veiled attack on Apple for pulling some of their manufacturing out of China? Or is it because the phones are too secure/private compared to the platforms the Chinese government wants citizens to use?

    • exohuman@programming.devEnglish
      2·
      10 months ago

      Probably both. It’s an easy way to attack. Also, let’s not forget USA banned Chinese made phones from companies like Huawei Technologies and ZTE phones for similar stated reasons. This could be retaliation for that as well.