Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones.
The firm’s stock market valuation has fallen by more than 6%, or almost $200bn (£160bn), in the past two days.
China is the technology giant’s third-largest market, accounting for 18% of its total revenue last year.
China is the technology giant’s third-largest market, accounting for 18% of its total revenue last year.
The Wall Street Journal (WSJ) reported on Wednesday that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work.
The following day, Bloomberg News reported that the ban may also be imposed on workers at state-owned companies and government-backed agencies.
The instructions not to use iPhones were given to officials by their superiors in recent weeks, sources told the WSJ. Restrictions were also placed on other foreign-branded devices.
iPhones were already banned in some agencies, the paper says, but its sources suggested this had now been widened.
It has not been made clear how widely those instructions were disseminated through Chinese officialdom.
Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones.
China is the technology giant’s third-largest market, accounting for 18% of its total revenue last year.
The firm’s stock market valuation has fallen by more than 6%, or almost $200bn (£160bn), in the past two days.
The Wall Street Journal (WSJ) reported on Wednesday that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work.
China is the technology giant’s third-largest market, accounting for 18% of its total revenue last year.
China is the technology giant’s third-largest market, accounting for 18% of its total revenue last year.
The Wall Street Journal (WSJ) reported on Wednesday that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work.
The following day, Bloomberg News reported that the ban may also be imposed on workers at state-owned companies and government-backed agencies.
The instructions not to use iPhones were given to officials by their superiors in recent weeks, sources told the WSJ. Restrictions were also placed on other foreign-branded devices.
iPhones were already banned in some agencies, the paper says, but its sources suggested this had now been widened.
It has not been made clear how widely those instructions were disseminated through Chinese officialdom.
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