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iPhone losing in market after ban from China

some Chinese government departments and state-owned firms may be banning iPhones. The American giant’s share price fell by 6%, wiping around $200bn from its market value. In late August, Huawei showed off the Mate 60 Pro. As the first fully Chinese-made smartphone that can tap into 5g networks, it was an instant hit. The processors inside it were made by smic, China’s chipmaking champion. It is exactly this type of technology that America has been trying to stop Huawei and other Chinese companies from getting their hands on. Do you think that America is going to lose greatly at the end?

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