Africa Business News

Apple Shares Slide After China Government Iphone Ban  

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Sinopse

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 in the last two days. The Wall Street Journal reported that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work. The ban may also be imposed on workers at state-owned companies and government-backed agencies. The reports came ahead of the launch of the iPhone 15, which is expected to take place on 12 September