The Finance 202: China sends warning to U.S. businesses with iPhone ban - News Summed Up

The Finance 202: China sends warning to U.S. businesses with iPhone ban


Meng’s arrest has enraged Chinese leaders, even as they work to advance trade negotiations with the United States. “Apple has built a sizable business in China, relying on the country for about a fifth of its annual revenue,” the Wall Street Journal’s Tripp Mickle writes. But Apple itself said in a statement it will continue selling all its models in China. In this March 28, 2012 photo provided by Apple, Inc., Apple CEO Tim Cook, center, visits the iPhone production line at the newly-built manufacturing facility Foxconn Zhengzhou Technology Park, which employs 120,000 people. “Cisco Systems Inc. routers, Dell Inc. computers, and wiring harnesses for Ford Motor Co. are sourced from China,” Bloomberg columnist Tim Culpan writes.


Source: Washington Post December 11, 2018 13:30 UTC



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