Apple Business Suffers As Trump And China Deal Struggles, Says Dave Lee

 


Apple company will suffer great lose as Trump -China trade deals struggles.

It is reported that over 92% of Apple hardware sold in Chinese market shall be put on hold due to the traffic between China and America.


According to Dave Lee, Technology Analyst, Apple is of course desperate to not let this happen, and has been lobbying hard to be granted exemptions. That effort has been somewhat successful, and it is the reason why the company has been relatively unscathed until now: only this month did tariffs have an impact on “major” Apple products, the Apple Watch and AirPods.

Those products are important, but not the golden goose - wearable devices make up less than 9% of Apple’s total sales. The iPhone, however, represents 55.6% of Apple’s business. While the importance of the iPhone has been declining due to a drop in smartphone sales (in general) around the world, it’s still by far the most important device Apple makes.

That’s when Donald Trump has threatened to impose a sweeping new round of trade tariffs against imports from China. According to analysis by Reuters, it would mean 92% of hardware sold by Apple would face levies.