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apple china iphone ban sanctions

Apple shares fall after China expands iPhone ban to more government offices and agencies

Apple's love for China isn't being reciprocated by its government
What just happened? China is following Russia's lead in banning iPhones from certain government offices. According to a new report, the country plans to expand the ban on Apple devices beyond sensitive departments to government-backed agencies and state companies. The Cupertino giant's shares were down 9% on the back of the news.