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Zenger
Zenger
World
Shanthi Rexaline

Apple Could Emerge Unscathed From China Ban, Says Munster,

Gene Munster China India Tim Cook Apple
 An Apple Inc. logo hangs at an Apple Store on September 10, 2023 in Chongqing, China. The China ban will likely reduce Apple's overall revenue by about 1% in 2024, Munster said in a note. PHOTO BY LI HONGBO/GETTY IMAGES

Apple, Inc. (NASDAQ:AAPL) stock lost 6.4% over two sessions this week before recovering on Friday, with much of the weakness attributable to China’s decision to ban iPhones from government offices and companies that work closely with the government.

Deepwater Asset Management’s Gene Munster on Friday weighed in on the potential impact of the ban for Apple.

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