The ongoing trade tensions between the United States and China has prompted analysts at Citi to cut their forecast for Apple's earnings in the second half of 2019, citing the belief unrest by Chinese consumers will result in lower iPhone demand in the country.
Compounding Huawei's woes, the Chinese company has been removed not just from the Wi-Fi Alliance, and RAM spec controller JEDEC, but also from the SD Association, preventing it from offering official SD/microSD support in future devices.
A bipartisan group of U.S. senators have proposed a bill that would hand $700 million in grants to rural telecom providers to cover the cost of stripping Huawei and ZTE gear from their networks.
A Chinese student pleaded guilty in Oregon on Wednesday to one count of trafficking counterfeit iPhones, which he used to dupe Apple into giving him real units for sale in China.
Chip designer ARM is reportedly cutting off business with Huawei, a move that could potentially cripple the Chinese smartphone maker on top of the existing U.S. restrictions.
Though there's no sign of such action on the horizon, a Chinese ban on Apple business would decimate the company, knocking 29% percent off earnings, according to a Goldman Sachs analyst.
A Chinese diplomat, normally a vocal backer of government policies, was recently caught using Twitter for iPhone to defend Huawei and attack Apple and U.S. President Donald Trump.
Apple and the HomePod remain a marginal factor in the global smartspeaker market, not even in the top five brands, according to new research estimates.
Following newly-authorized rules by the Trump administration, Google has reportedly terminated Huawei's Android license, forcing it to move to the Android Open Source Project.
The increase in tensions between the United States and China in its ongoing trade war, as well as restrictions against Huawei, is fueling anti-US sentiments in China, prompting more online calls from critics of the political maneuvers to boycott Apple products.
The U.S. government has leveled a dual blow against China's Huawei, both blocking it from acquiring American technology and preventing American telecoms firms from using Huawei equipment.
U.S. President Donald Trump will allegedly sign an executive order this week blocking American companies from using any telecoms equipment made by Huawei, according to a report.
Though Apple and many existing investors may not be happy with the fallout of the U.S.-China trade war, for others it may be a ripe stock opportunity, Merrill Lynch's Wamsi Mohan said on Tuesday.
Vodafone will become the U.K.'s first 5G carrier, switching on several cities on July 3 — though controversially using some Huawei equipment for infrastructure.
Although there's a "very real risk" from more tariffs on Apple products, and this week's Supreme Court ruling laid the groundwork for a challenge to the App Store, neither is a "threat to future growth potential," Cowen analysts said on Tuesday.
Apple investors are overreacting to the financial threat posed by the U.S.-China trade war and Monday's Supreme Court ruling on the App Store, an analyst claimed on Tuesday.
Apple's chargers and iPhone and iPad cases have so far been subject to tariffs on Chinese imports without affecting U.S. buyers, but that could be about to change.
The decline of Chinese iPhone sales slowed in the month of April, UBS said in a Friday investor memo, but that may have been because of improvements in overall smartphone demand in the country.
If Apple is indeed hit by proposed U.S. tariffs on Chinese imports, it could take the company "multiple years" to move assembly outside of China, according to a Morgan Stanley investor memo.
U.S. President Donald Trump made good on a trade war deadline on Friday, increasing tariffs on some Chinese imports. While Apple products have so far evaded impact, that may be short-lived.
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Malcolm Owen
Roger Fingas
