China plans to expand the iPhone's use ban to institutions and state -owned enterprises supported by the government, leading to the stock price of technology giants Apple's stock price on Thursday (September 7) the second day in a row.The market value of nearly two trading days evaporated nearly 200 billion US dollars within two trading days.
During these two trading days, Apple's stock price fell 6.4 %, a total of two days in the past month in the past month.Apple is also the biggest index member stock of the major US stock indexes, so its stock price decline has also caused widespread selling in the stock market.
Although the Chinese economy has recently been affected by the real estate market crisis, the various needs from commodities to general consumer electronics products are also weak, but the Chinese market is still the largest overseas market in Apple and its global production base.EssenceCoupled with the continuous rise in U.S. Treasury yields at this time, many investors are worried that the Federal Reserve has to increase the strength of anti -inflation, and the trend of Apple's stock price is also weak.
This time China issued a ban on the iPhone. In addition to cracking down on Apple, investors have also sold chip and stocks of large technology companies, and Chinese stocks listed in the United States are not spared.
Bloomberg reported that OANDA senior market analyst Edward Moya said: "The market is now because a bad Apple company destroys a large number of large technology stocks."It depends very depending on China. If Beijing increases its blow, this may bring big problems to other large technology companies that rely on China. "
Wamsi Mohan, a Bank of America, said that, in view of Huawei Technology Co., Ltd. recently launched a 5G high -end smartphone, the "time for the ban is intriguing."
Huawei launched two new smartphones on Friday (September 8) to fold the Mate X5 and Mate 60 Pro+smartphones.Many analysts have publicly commented that Huawei's new products may be the first step in Huawei to come back and compete with Apple.The United States began to restrict US companies export technology to Huawei in 2019, and Huawei's smartphone business was also hindered.
If Beijing really implemented this ban this time, this "blockade" for iPhone's unprecedented "blockade" will also affect several other technology companies that depend on Apple.As a result, many Apple suppliers have lowered on Thursday.For example: Qualcomm's stock price fell 7.2 % on Thursday; the stock price of Broadcom, Skyworks Solutions and Texas Instruments also decreased, a decline between 1.8 % and 7.4 %.
However, Daniel Ives, an analyst of Wedbush Securities, believes that "the impact of the iPhone's ban has been exaggerated", and he is expected to sell in about 45 million iPhone sold in China in the next 12 months, the affected iPhoneThere should be less than 500,000 units.
Apple's stock price closed at $ 177.56 on Thursday, down 5.35 US dollars.
