Apple can file a 30% drop in revenue due to a trade war between the United States and China

Apple can file a 30% drop in revenue due to a trade war between the United States and China

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Huawei’s problems with the US government continue to be the most discussed topics in the technology industry. We’ve already informed you that Google has downloaded the Huawei license, and Intel, Foxconn, Qualcomm and Broadcom have ceased to supply the company due to the war.

The negative consequences for the Chinese maker of these solutions have yet to affect their business, as they raise serious questions about their ability to compete in the smartphone market.

US producers can also be victims of the aggressive policies of their government. Goldman Sachs observers argue that if Apple’s products banned in China, this would lead to a drop in the company’s revenue by almost 30%.

In the last quarter, the company made 17% of its profits from the Chinese market, which generates around 29% of the total revenue for this period, TechSport reported. On an annual basis, such a figure will cross the threshold of $ 15 billion.

The financial dimensions are not the only problems for Apple in such a situation, as almost all smartphones with the iPhone are collected in China. The bulk of orders were made at the Foxconn factory in Shenzhen.

If the local government reacts with such sanctions, Apple will be extremely difficult to withdraw production out of the country in the short term. This will also affect the local economy and the ecosystem of product products.

Apple can file a 30% drop in revenue due to a trade war between the United States and China

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