Apple: banning the sale of iPhone will hit China’s economy

Apple representatives predict massive damage to the economy of China because of the ban on import of iPhone. It is reported Bloomberg.

According to Apple, the ban on imports of the iPhone in China will bring loss for both Qualcomm and some Chinese manufacturers, which together may harm the state economy. About it with reference to representatives of the American Corporation, according to Bloomberg. The publication also notes that the current situation could lead to higher taxes, which pay Qualcomm the Chinese manufacturers.

According to representatives of the American Corporation, Apple has created more than five million jobs that bring huge profits to the Chinese government. Introducing a ban on the iPhone, China is actually depriving yourself of tasty cake profit, while depriving people of work and profession on the plant. One of those for whom the ban may hit is Foxconn, one of Apple’s key manufacturers, as well as the number of participants in the supply chain of the company.

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Clifton Nichols

Clifton Nichols

Hi! I’m Clifton and I am a full-stack engineer with a passion for building performant and scalable applications that are beautiful and easy to use.

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