Apple’s US$44bil China market threatened by Trump WeChat ban - News Summed Up

Apple’s US$44bil China market threatened by Trump WeChat ban


Apple Inc spent years building China into a US$44bil (RM184.25bil) growth driver. On Wednesday, Tencent executives on a post-earnings conference call stressed they believed the ban applied only to WeChat in the US and shouldn’t affect its Chinese cousin, known as Weixin. More than a fifth of all smartphone users in China used an iPhone as of June, second only to Huawei at 26%, according to researcher QuestMobile. He’s since nixed those plans and is considering alternatives including Samsung Electronics Co.“I’m worried that WeChat will be banned on the iPhone. It would be a tremendous disaster to my studies and work if such a ban was imposed.” – Bloomberg


Source: The Star August 13, 2020 03:22 UTC



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