Apple Continued to Fall Nearly 2% in Premarket Trading on Report That China Agencies Are Barring iPhone Use
Tiger Newspress2023-09-07
Apple continued to fall nearly 2% in premarket trading.
Chinese government agencies have barred staff from using the iPhone and other foreign-branded devices at work. Employees at “some” central government regulators received instructions via chat groups and in meetings to stop bringing such gadgets into the office, citing people familiar with the matter. It’s not clear how widely the orders were issued.
Meanwhile, the EU Commission on Wednesday designated 22 services of six major tech companies as "gatekeepers" of online services providing messaging to video sharing in its latest crackdown on Big Tech. The firms are Alphabet, Amazon, Apple, Meta, Microsoft and TikTok owner ByteDance.
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