Chinese consumers may be staging an “informal boycott” of US products that is hitting Apple Inc iPhones, according to analysts at Bank of America Merrill Lynch. “Apple sales may also suffer from a general redirection of Chinese demand away from US products. The economists note there are a bunch of industry-specific factors and competitive reasons behind the downbeat forecast by Apple which may limit its value as an indicator on the health of the Chinese economy. Still, Apple’s high profile and increasing talk about technology in the trade tensions, could make the American company a victim. “Everyone loses in a trade war.”

Source: Indian Express January 08, 2019 05:03 UTC