IPhones banned for government officials in China. Following the news, the stock of Apple reportedly plummeted. What next for one of the most used phone brands in the world following this news? Continue reading to find out.
iPhones Banned In China
China has reportedly barred and prohibited government officials from making use of Apple’s iPhone as well as other foreign tech devices for work and or eve bring to the office.
Following the recent news (reported by the Wall Street Journal (WSJ)), the stocks of Apple have reportedly plummeted over 3.5% during the day, eventually closing at $182.91.
The ban in question comes as the latest effort into the policy of Beijing of cutting its dependence from foreign technologies. And at the same time, it also echoed similar moves taken by the US government against China-owned Huawei services, products as well as video-sharing app TikTok.
Despite the report of WSJ not mentioning other brands beside Apple, it however talks about workplace chat groups as well as meetings giving employees instructions of the new rules. At this stage in time it isn’t very clear, though, just how widely the orders were being distributed.
At the same time, an anonymous source directly dealing with Chinese central government agencies revealed to CNN about an “unwritten rule of shunning iPhones since before the pandemic” thus adding that officials now tend to make use of smartphones manufactured by domestic companies instead.
The Reasons for the Beef among the Two Super Tech Powers
One of the many reasons that is behind the beef among the two super tech powers, Chinese firm Huawei has for a long time been the target of US efforts in limiting its products abroad. Nonetheless, with its very new Mate 60 5G smartphone, the firm has proved an unexpected resilience of its domestic chip market in spite of eventual US-led export restrictions—Reuters reported.
In what seems like the next chapter into the US/China tech war, the shares of Apple keep plummeting over the rumors that one of its biggest markets started getting restricted.
Beside posing a harm to tech investments across the region, such a ban in question might just also raise allegations over security dangers that are linked to the usage of Apple and, more generally, US-developed products and devices.
Why TikTok Was Deemed a Threat to National Security
The Chinese ownership of TikTok After all is one of the main reasons why many US politicians deemed the famous app a “threat to national security.” Tensions reportedly escalated by the end of 2022, with President Joe Biden then signing an unprecedented order to bar TikTok from all federal government devices on December 30.
How the Decision of the US Influenced Other Regions All Over the World
This very move in question was then followed by a host of governmental bans among US allies, and this is including the EU, UK, Canada, and New Zealand. The US government on the other hand is also evaluating a new law, the RESTRCT Act, which could get to create a legal framework to easily and effectively ban this as well as other foreign adversaries’ services for all Americans despite experts as well as civil societies warnings of the risks that is posed on the freedoms of citizens by such a regulation.
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