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Apple Shares Rebound After $200 Billion Wiped Out Over Fears of China iPhone Ban

Apple wiped out $200 billion in valuation in two sessions over China’s iPhone ban.
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Apple Shares Rebound After $200 Billion Wiped Out Over Fears of China iPhone Ban
The Apple logo is displayed on the exterior of an Apple Store in San Francisco on Aug. 4, 2023. Justin Sullivan/Getty Images
Andrew Moran
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Apple shares rebounded at the end of the trading week following a two-session skid that saw the tech titan lose about $200 billion in valuation.

The decline was driven by reports that China would prohibit government employees from using iPhones as their work phones.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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