https://watcher.guru/news/apple-loses-200-billion-in-market-value-over-the-past-two-days
Tech giant Apple has lost $200 billion in market value over the past two days, in part due to China banning its government from using iPhones
I'm glad China tackling the American spyware problem. A democratic government can't allow its citizen to be victims of espionage by a racist imperialist state. We can't allow Sleepy Joe to have access to Chinese citizens' personal data.
Apple isn't innovative, anyways. They implement already-existing features onto their models for a slight upgrade, and sell it at monopoly prices.
Also, planned obsolescence...
slight upgrade
Or they remove practical features to make it more minimalist and Rube Goldbergian, such as wired charging and headphone jacks.
😂😂😂😂😂😂😂
Genuine tears of laughter.
We've not even really seen the start of the consequences of BRICS expansion yet. Do you think China is just doing some teasers so it's not so much of a shock to the west when the rug is swiped from beneath imperialism?
lol the funny part is that now we can say capitalism no Huawei phone since US banned them. Gonna be funny once Huawei phones become more desirable than Apple around the world. 😂
That's true in the west, but Huawei is becoming the symbol of technological independence outside the west. It shows that a non western company is able to make a device that's competitive with the best western ones have to offer.
Now I just hope Huawei gets to do business in the rest of the world. I don't want my huawei phone back on GMS, I want the world to also support HMS (huawei mobile services) on top of GMS if they want to.
By the way, warious Russian government agencies and companies also were banning iPhones, but nobody was talking about it
I can see this trend spreading quickly outside the west now that alternatives are available.
It is if you want to have the whole supply chain end to end. China might be the only country that can produce all the components domestically right now.
From what I've read, the difficulty is largely in coordinating production of various different components. Apple not being able to build macs in US because they couldn't source enough of a particular type of screw is a perfect example of this. Every device like a phone has thousands or millions of different components needed to assemble it. Auditing the whole supply chain to ensure that you can produce all of these components domestically and in sufficient numbers is pretty difficult. China has a huge advantage here because it's where most advanced manufacturing is happening.
Were they really that prevalent in Chinese government anyway? I would assume they would be using China made phones already for the most part. If you look at the stock over the past 6 months look like it took a massive hit a little while back and my guess is things where already looks bad so they pumped it recently then the insiders dumped at the top and are blaming everything they can on the market failure. Sure, I mean, the ban from China isn't helping, but that recent pump up with this timing for the dump seems to coincidental to me.
Frankly, the only surprising thing to me is that China allowed government officials to use phones that aren't domestically produced.
What probably tipped them off was the US claiming that huawei equipment was spying on them. Given that all their claims are projection…
I imagine it was just something no one really thought about making an issue of till recently. Most of the time stuff isn't banned preemptively but reactively.
Exactly, also can't think of many cases off top of my head where US stuff got banned by other countries. It's practically always US doing the bans. The idea that China could ban a popular US product was likely inconceivable until now.
Were they really that prevalent in Chinese government anyway
Same question here, I'm flabbergasted they were not already forbidden for use for government officials
I expect that's the actual reason for the stock drop. I recall reading an article a while back how Apple had trouble competing with Android in China because everybody uses WeChat for everything, and it's basically the main app people care about. Since you do practically everything through WeChat, it doesn't really matter what OS you use. It makes all the Apple apps and integrations irrelevant. People still got iPhones cause they've been a status symbol, but I think now we'll see more people getting Huawei because it feels good that your own country can produce a phone that's as good as what Americans make.
Ah yes, perfectly functioning economy we've got over here. slaps hood
This baby will never break down. finger guns
communism no iPhone