China Could Hurt Apple Profits By 29 If It Avenged The Huawei Ban Says Analyst
Goldman Sachs analysts estimated in a note to investors that Apple could lose 29 percent of its profits if China decided to ban Apple sales in the country to retaliate against the Huawei ban in the US. 17 percent of Apple’s sales come from China, so such a move would undoubtedly be debilitating. Mind you, this is a theoretical scenario and China has no to ban Apple beyond politicking as far as we’re aware – though you could say the same about the Huawei ban....