
© Reuters. Apple (AAPL) inventory slips in aftermarket on report China is ramping up iPhone ban efforts
(Updated – December 18, 2023 4:32 AM EST)
Apple (NASDAQ:) shares fell 0.8% in pre-market Monday after Bloomberg News reported that varied Chinese authorities companies and state-backed corporations are reportedly instructing their staff to not deliver Apple iPhones and different international gadgets to work.
This transfer aligns with China’s long-term objective of decreasing reliance on international applied sciences and selling the usage of home merchandise.
Several state corporations and authorities departments in a number of provinces have issued directives previously month or two, encouraging staff to make use of native manufacturers.