![]() ![]() ![]() "Already rivals are closing the gap in high-end smartphone sales, and if the situation were to escalate this could potentially allow competitors to have a greater chance of stealing Apple's crown," Streeter said.Īpple could, however, see a demand boost after an event next week where it is expected to unveil its iPhone 15 line-up, as well as new smartwatches. "China is a crucial market for Apple, not just because it's a super-important manufacturing hub, but because the country is an increasingly important source of revenues," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.Īpple gets nearly a fifth of its revenue from the country. IPHONE SLOWDOWNĬhina has been a bright spot for Apple in an otherwise tough period for iPhone sales. and China is a big risk to current equity prices, particularly in technology," said Rick Meckler, partner at Cherry Lane Investments. "This announcement seems to have just refocused investors that the relationship between the U.S. In Asia, shares of several Apple suppliers fell on Monday, with TSMC and Tokyo Electron (8035.T) falling 0.7% and 4% respectively. stock indexes, particularly the tech-heavy Nasdaq Composite, which closed down 0.9%. The drop in the technology sector weighed on the three main U.S. Other suppliers of the iPhone maker including Broadcom (AVGO.O), Skyworks Solutions (SWKS.O) and Texas Instruments (TXN.O) were also lower, falling between 1.8% and 7.4%. firms including planemaker Boeing (BA.N) and memory chipmaker Micron (MU.O). Senator Mark Warner, a Democrat and chair of the Senate Intelligence Committee, also shared similar concerns and said, "as the Chinese economy stalls, we can potentially anticipate more aggressive moves against foreign businesses".Ĭhina has curbed shipments from prominent U.S. Make an appointment and a staff member will be ready and. "This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. But dont just show up unannounced Apple Stores are notoriously busy and you might wait for hours. Representative Mike Gallagher, the chairman of the House panel on China. Apple Summerlin is currently open for pickup of online orders, Genius Support by making an appointment, and shopping by reserving a one-on-one. So if you’re looking to shop at an Apple Store today, remember to check the opening hours beforehand. This is the case for most Apple Stores around the world. Basically all the wiring in an Apple store, all the screens, the LCDs. However, on Sundays, the store opens at 12:00 pm. People Talk About Losing a Job and Finding Their Way in Today's Changing Economy. The wider ban is not surprising and shows how China is trying to limit a Western company's market access to the nation, said U.S. Apple Store usually opens at 10:00 am from Monday to Saturday. ![]() REUTERS/Thomas Peter/File Photo Acquire Licensing Rights A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. ![]()
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