Apple inventory falls after stories of China authorities’s iPhone ban

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Shares in Apple have fallen for the second day in a row following stories that Chinese authorities employees have been banned from utilizing iPhones.

The stoop means the tech large has misplaced near $200 billion (AED 7,346,200,000) within the final 48 hours. 

China accounted for 18 per cent of Apple’s complete income final 12 months making it the corporate’s third greatest market, and can be the place its merchandise are manufactured.

It’s been extensively reported that Beijing has ordered authorities officers to not use or convey iPhones to work, which led to a fall within the firm share worth.

The iPhone 15 is due for launch on September 12.