by Mike ‘Mish’ Shedlock
Apple is about to lose a $44 billion market thanks to president Trump.
iPhone to Become “Electronic Trash” in China
Trump threatens to ban WeTalk. If he follows through, iPhone sales in China will drop to zero.
Please consider Apple’s $44 Billion China Market Threatened by Trump WeChat Ban
Apple Inc. spent years building China into a $44 billion growth driver. Then the U.S. president last week cast all that in doubt. IPhone loyalists across China are now reconsidering their attachment to the device after Donald Trump issued an executive order last week barring U.S. companies from doing business with WeChat, the super-app that has become integral to everyday life in the country. Scheduled to come into effect in roughly five weeks, the ban threatens to turn iPhones into expensive “electronic trash,” said Hong Kong resident Kenny Ou, who sees WeChat as one of the most essential software on his handset.