Apple is set to roll out a new iPhone on Tuesday following a weak quarter for sales of its flagship product. Shares of U.S.-based Apple suppliers were little changed on Friday, with Qualcomm up 0.1% and Broadcom down 0.4%. SCOPE OF CURBS UNCLEARIt was not immediately clear how wide China’s iPhone curbs are, but one employee at an affected state-owned enterprise (SOE) in the capital said they extended to visitors. Apple has shifted some production out of China in the aftermath of the country’s strict COVID-19 restrictions. Advertisement“If that is the case, it shouldn’t be a surprise for Beijing to punish Apple by playing the ‘security’ card excessively.

Source: Indian Express September 10, 2023 14:19 UTC