China could hurt Apple profits by 29% if it avenged the Huawei ban, says analyst

China could hurt Apple profits by 29% if it avenged the Huawei ban, says analyst
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-5-24 02:43

Trump’s Huawei ban was bad news for China, as it effectively crippled the world’s second-largest smartphone maker from its largest source of income. But China is also very much in a position to retaliate, and Apple – the world’s third-largest smartphone maker – could be among the ones to suffer.

Goldman Sachs analysts estimated in a note to investors that Apple could lose 29 percent of its profits if China decided to ban Apple sales in the country to retaliate against the Huawei ban in the US. 17 percent of Apple’s sales come from China, so such a move would undoubtedly…

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